This podcast episode explores the challenges faced by private equity firms in a higher rate environment, including the impact of higher interest rates on returns and the slower pace of deployment. It also delves into the challenges in fundraising and the under-allocation of retail investors to private markets. The episode discusses the outlook for private equity firms, highlighting the importance of consolidation and expansion into areas like credit and infrastructure. It concludes by discussing the trend of public-to-private deals and the growing secondary market in the industry.
