Private equity began 2025 on solid footing, with strong dealmaking—but momentum faded fast. New tariffs and geopolitical uncertainty triggered a sharp Q2 slowdown, intensifying pressure on liquidity, fund-raising, and valuations. Our midyear report unpacks the data behind the shift and explores how firms can adapt by sharpening diligence, unlocking capital, and preparing for opportunities that may emerge in the second half.

Join us on July 16, 9 AM ET | 3 PM CET, as Hugh MacArthur, Chairman of our Global Private Equity practice, and Karen Harris, Managing Director of our Macro Trends Group, provide an inside look at the data and trends shaping the private equity industry, alongside the broader macroeconomic forces influencing investor behavior and market activity.