Dealmaking by private equity firms hit its lowest in four years, under pressure from high interest rates, recession fears, and a weak outlook for corporate earnings, although some analysts predict stored-up funding will drive a near-term rebound. Private equity deal volumes slumped 63 percent from the same period last year to $293.5 billion, data from Dealogic showed. Higher borrowing costs have led private equity to pursue fewer deals and avoid businesses with unpredictable cash flows. Since the start of the year, buyout firms have been unable to secure cheap debt and have had to draw on their own funds, marking a departure from traditional leveraged buyouts.

https://business.inquirer.net/407272/recession-risk-rate-rises-drive-down-private-equity-deal-volumes-to-4-year-low

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