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Market Review - PE Sector Q1 2025

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The first quarter of 2025 began with a marked turnaround in the global macroeconomic environment, breaking with the improvement observed at the end of 2024. The prospect of tariff increases in the United States sparked a wave of uncertainty in the markets, upsetting the fragile balance restored last year. This instability had a direct impact on private equity activity, with a differentiated impact depending on the region, strategy, and deal size.
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