Bain has just released its 2025 Global Private Equity Report, and the good news is we’re seeing clear evidence of a recovery. Dealmaking is up, exits are up, and conditions at the macro level are stabilizing.
You can listen to this episode of Dry Powder and catch future episodes by subscribing on Apple Podcasts, Google Podcasts, Spotify, or wherever you may listen.
Now, there are still challenges ahead, including finding the right amount of liquidity to make limited partners happy, an increasingly complex and competitive fund-raising environment, and the continuing risk of black swan events. But, for the first time in a long time, we can say that the private equity markets took a decisive step forward.
On today’s episode of Dry Powder, I highlight three themes from Bain’s 2025 Global Private Equity Report, including the evidence of an industry recovery, continuing challenges for general partners, and strategies for winning the future.