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Carveouts, Add-ons Key As PE Firms Strategize For 2024

Private Equity managers are facing challenges such as a downturn in private market valuations and difficulties in securing affordable debt for new deals. Private Equity Co-chair Matthew T. Simpson provided insights on the market to PitchBook, discussing strategies PE sponsors are expected to adopt in 2024 to optimize results.

Matt emphasized the growing flexibility among sponsors in divesting non-core assets to enhance overall performance, stating, “Sponsors are increasingly flexible on jettisoning non-core assets.”