Thursday, March 2, 2023

Private Equity Feels Impact of Higher Real Interest Rates

Exuberance in public markets seems to have been matched in private markets, as ultra-low interest rates shaped the investment climate in all markets. Higher real rates are having the opposite effect, as Adams Street Partners data suggests. 


source: Adams Street Partners

Deals will be smaller and the volume of transcations will drop as a result. Less money raised also means less money invested. That should mean longer runways to exits.

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China Approaches AI Diffusion as "Asian Tigers" Approached Economic Development

Among the differences between the U.S. and China frameworks for fostering widespread use of artificial intelligence are the roles of state s...