“The rapid rise in UK interest rates has caused a 43% fall in UK PE new deal volumes. However, we expect an explosion of UK PE activity in 2024 on the back of potential CGT changes, cash becoming king amongst LPs and ageing portfolios.”
In our recent Private Equity Survey - we have collected exceptional insight into private equity from over 45+ organisations.
- Rapidly rising interest rates had a detrimental impact on UK PE deal volumes
- However, with an ever-present wall of dry powder and maturing portfolios…
- …we don’t expect this to last much longer, especially with potential tax changes from a looming UK general election
- Overall, we expect an explosion of PE activity in 2024, within public markets with IPOs, public-to-private transactions and PIPEs, as well as private company M&A