The first quarter of 2023 generally extended the slower global and U.S. private equity activity seen at the end of 2022. While the number of deals continued to fall between January and March, total deal values increased but were still consistent with the lower levels seen toward the end of 2022. In view of the current market conditions, general and limited partners may desire to explore fund-level liquidity structures as an alternative to traditional exits. In this issue, we discuss some of these potential liquidity strategies.
