If by fall you mean from its all time highs, sure, but theres still so much money allocated that needs to be spent: After 10 years of steady growth, dry powder

If by fall you mean from its all time highs, sure, but theres still so much money allocated that needs to be spent: After 10 years of steady growth, dry powder set yet another record in 2021, rising to $3.4 trillion globally, with approximately $1 trillion of that sitting in buyout funds and getting older (see Figures 8 and 9).[0] There was an all time high of 490 buyout funds closed in 2021. What is very likely is that many of these new funds (I see a lot of them...the 8-man shops that came from MDs at places like KKR, Carlyle, Apollo, etc.) will just fizzle out. Like everything else, it's just gettting corrected. [0] https://www.bain.com/globalassets/noindex/2022/bain_report_global-private-equity-report-2022.pdf https://www.bain.com/globalassets/noindex/2022/bain_report_g...