Middle market PE funds outperform through rate hike cycle
Middle market private equity has outperformed mega cap PE since the Fed began to raise rates. It remains well positioned amid a cloudy rate outlook.
Historically high valuations challenge equity returns
Stocks have generated paltry forward returns during historical periods when valuations have been as high as they are today.
Direct lending volume grows amid increased LBO activity
Private credit has increasingly become the preferred source of financing for PE sponsors, with direct lending volume jumping 60% over last year’s level.
Rising volatility expectations point to market anxiety
Expectations for equity and rate volatility spike amid increased election and rate anxiety.
Shrinking public markets mean growth in private markets
Take-private volume has outpaced IPO volume by 3.5x since 2022. This represents an accelerating shift in opportunity toward private markets.
Middle market at the center of U.S. job growth
With employment data in focus, the middle market has shined, outpacing job growth in small and large-cap firms by more than double.
