The absence of realizations has hampered distributions to LPs. Source: Burgiss/MSCI(Past performance is no guarantee of future results.)

The growth of equity secondaries is fueled by both LP and GP liquidity needs. Source: Jefferies(Past performance is no guarantee of future results.)

In the absence of M&A activity, PE portfolio companies are held for extended periods. Source: PitchBook(Past performance is no guarantee of future results.)

Despite claims of a “too crowded” private debt market, PE dry powder is four times greater. Source: Preqin(Past performance is no guarantee of future results.)

Fund managers are looking increasingly to global issues for biggest risks. Source: The Daily Shot, BofA Global Research(Past performance is no guarantee of future results.)

Investors expect modestly lower credit spreads, no change, and some widening. Source: The Daily Shot, PitchBook/LCD(Past performance is no guarantee of future results.)

September’s surprisingly strong jobs report further signals a soft landing.  Source: The Daily Shot(Past performance is no guarantee of future results.)

Canadian GDP forecasts have been increasingly bullish since January. Source: The Daily Shot, Bloomberg(Past performance is no guarantee of future results.)

The size of the Fed’s first rate cut in over four years – 50 bps – surprised analysts. Source: The Daily Shot(Past performance is no guarantee of future results.)

Since early July public equities have seesawed between recession worries and confidence. Source: FactSet(Past performance is no guarantee of future results.)