2018/2019 Private Equity Year End Review and Outlook

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The Private Equity Report

Private equity made another strong showing in 2018, limited only by the fierce competition for deals. To find opportunities while maintaining discipline, funds have gotten creative—through roll-up and add-on strategies, in the financing arrangements they offer acquisition targets, and in increased interest in new markets, such as impact investing. While markets have continued to be largely positive, some challenges emerged on the tax and regulatory fronts. US investors and funds have been busy digesting the implications of the Tax Cuts and Jobs Act, while in the UK, a number of favorable tax strategies have been narrowed or eliminated and the Brexit drama finds new ways of prolonging itself. In our 2018/2019 Private Equity Review and Outlook, we offer perspectives on these and other events, and what our private equity clients should be thinking about as we head into the new year.