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ARTICLE · 21 JANUARY 2026

The Q4 2025 PE Briefing

Bennett Jones LLP
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The private equity industry went in a number of different directions in 2025.

CanadaCorporate/Commercial Law
James T. McClary
James T. McClary
Elizabeth Dylke
Elizabeth Dylke
Haifeng Hu
Haifeng Hu
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The private equity industry went in a number of different directions in 2025. Global dealmaking value picked up in the second half of the year but the number of deals decreased. PE exits declined year-over-year, boosting growth in alternative strategies to generate liquidity. Investors remain committed to PE according to Preqin's latest investor survey, despite exercising greater caution in short-term commitments. Macroeconomic conditions improved markedly as the year went on, after a turbulent and unexpected start.

In this edition of the Bennett Jones PE Briefing, we look at the full-year data on private equity activity in Canada in 2025 as well as:

  • how 2025 unfolded and what to look for in the coming year

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