As we pass the mid-year point, data surveys and reports
chronicle the progress of Private capital fundraising and
deployment.
A striking feature of these reports is the rolling assessment of
resurgent inflation and rising interest rates as Central banks
scramble to choke off inflationary forces before they become
structurally embedded.
At the turn of the year, Private Capital continued to enjoy a
strong performance, according to the McKinsey Private Markets Annual Review,
covering the whole spectrum of Private capital (private equity,
real estate, debt, infrastructure and natural resources).
By the end of 2021, fundraising had scaled new highs reaching an
estimated $1,184bn, up 20% from the prior year. Preqin reported
deal-making in overdrive, with $3.5trn deployed across all asset
classes. But the McKinsey review published in March also cited new
risks that threatened to take the shine off this stellar
performance.
