Private Equity slows in Q1

According to a report by PitchBook, in Q1 2023, there were 2,177 private equity deals in the US, down 1% YoY, with a total deal value of $261.4bn, down 4.1% YoY. For all of 2022, the number of deals totalled 9,051 with total deal value of $1.02tn, compared with a total of 9,286 deals and total deal value of $1.27tn in 2021.  

According to a report by PitchBook, in Q1 2023, there were 2,177 private equity deals in the US, down 1% YoY, with a total deal value of $261.4bn, down 4.1% YoY. For all of 2022, the number of deals totalled 9,051 with total deal value of $1.02tn, compared with a total of 9,286 deals and total deal value of $1.27tn in 2021. 

The total annual deal value of private equity deals surged to $1.27tn from $421.7bn from 2013 to 2021, before slipping to $1.024tn in 2022. There were 279 exits in Q1 2023, with exit value totalling $55.9bn, compared with 329 exits and total exit value of $84.6bn in Q1 2022.  

The report stated that U.S. private equity exit activity has been “disappointing” thus far in 2023, due to prolonged inflation and unfavorable valuation adjustments. In Q1 2023, $66.8bn of capital was raised for 73 funds that closed. Fundraising got off to a slow start in Q1 2023, which “continued the trend of fewer funds raising more capital, which has persisted for many years,” the report said. 

Read more: https://www.pionline.com/private-equity/private-equity-activity-slows-first-quarter