Omar Pringle spoke to PE Hub about the dealmaking environment, which has seen a slowdown this year as companies adapt to a new environment of more expensive debt and slower growth, though Omar still sees opportunities for private equity firms.
"Private equity buyers continue to be well funded; there is a lot of dry powder to spend," Omar said. "That being said, we have seen a slowdown in deals this year as compared to last. Factors contributing to that include the current [macroeconomic] environment, fewer targets coming to market due to certain businesses in certain sectors not necessarily able to meet their budget, or the tightening of the debt markets outside of the direct lending space. We have also seen private equity firms doing a couple of things such as focusing more on their portfolio, and they have been more selective in the deals they do go after."