Lower valuations and lots of unspent cash are the ingredients for an eventual upturn, says PitchBook.
Sponsors invested in deals worth $740 million during the quarter, down from nearly $14 billion in Q1.
The proposed disclosure rules in the White House’s antitrust push could make filing for deals more difficult, critics argue.
The buyout firms are increasingly popular among institutional investors—Carlyle just raised $27 billion.
Blackstone chief sees Biden’s planned boost for the capital gains levy as spurring more deals.