INSIGHTS：2025年全球私募市场展望报告（英文版）

2024 marked a mixed yet improving landscapefor European PE. We expected a challengingmarket following the disruption of previous years.but now see improved momentum- especiallyfor cycle-tested investors like CDPQ- to accessunique opportunities as we head into 2025.

The start ofthe year was marked bylimited activityinprivate markets as highinterest rates, inflation, andvaluation gaps continued to hamper dealmaking. inline with the brader market, we used this periodto focus on enhancing o