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Non-public-equity and venture-capital companies flourished in the course of the low-interest price interval that adopted the 2008 monetary disaster with a brisk tempo of mergers and acquisitions, in addition to a wholesome pipeline of preliminary public choices.
That development started to taper in 2022 and continued by way of most of 2023, as markets went from a risk-on to a risk-off surroundings amid larger rates of interest, inflation and heightened geopolitical uncertainty.
The…
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