PitchBook：私人市场机会-分配器解决方案关于2025年风险和机遇的报告（英文版）

As we have progressed throughout 2024, cautious optimism at the start of the year has given way to new highs in investor confidence. US public markets have continued their march upward that began in the back-half of 2022; inflation has continued to come down; the US economy has remained on firm footing—tepid consumer confidence notwithstanding; and the Federal Reserve’s (the Fed’s) much-anticipated rate cuts finally began, with 75 basis points so far and more expected. Since the recent US pre