For this servicing PE clients on due diligence and value creation: how busy have you been lately? Is your firm/group forecasting a strong 2026 given PE activity and interest rate cuts?

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In terms of PE acquisitions, 2026 is not forecast to be a strong year due to high valuations of target companies. The hope is that the markets stay strong, which will allow PE firms to exit some of their early acquistions via IPO

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You can’t really “survive” (heavy quotation marks here) as a fund only on diminished management fees. So past the investment period (4 years give or take) management fees of vintage I decrease and you need to raise vintage II to sustain
And to raise vintage II you need to show DPI and returns of vintage I above typical hurdles.
Hence the need to sell

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Falling rates may help some but more predictability from government policy would be nice

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