1、THE INSIGHT:K EEPING AN E YE ON THE HORIZONEuropean private equity should stay on track despite the bumpy road aheadI N PA R T N E R S H I P W I T H:2022CONTENTINTRODUCTION 31.ROBUST MEDIUM-TERM FUNDRAISING EXPECTATIONS 62.INVESTMENT OUTLOOK WEAKENS,CONFIDENCE PERSISTS IN TOP SECTORS 83.DIVESTMENT O

2、UTLOOK WEAKENS IN WORSENING CLIMATE 104.INFLATION LEADS CONCERNS AMONG GPs&LPs 145.ATTENTION TO“GREEN”TOPICS,ESG&DIVERSITY TO INCREASE 166.DIGITALIZATION REMAINS LEAD OPERATIONAL INITIATIVE FOR GPs 18CONCLUSION 19ARTHUR D.LITTLEJONAS FAGERLUND Partner,Private EquitySGUILLAUME PICQPartner,Private Equ

3、ityFINVEST EUROPEJULIEN KRANTZResearch Directorjulien.krantzinvesteurope.euGeneral disclaimerThis Report was commissioned by Invest Europe on terms specifically limiting the liability of Arthur D.Little(ADL).ADLs conclusions are the results of the exercise of its best professional judgment,based in

4、part upon materials and information provided to ADL by Invest Europe,secondary research,and expert interviews conducted by ADL.Use of this Report by any third party for whatever purpose should not,and does not,absolve such third party from using due diligence in verifying the Reports contents.Any us

5、e that a third party makes of this document,or any reliance on it,or decisions to be made based on it,are the responsibility of such third party.Neither ADL nor Invest Europe accepts any duty of care or liability of any kind whatsoever to any third party,and/or any responsibility for damages,if any,

6、suffered by any third party as a result of decisions made,or not made,or actions taken,or not taken,based on this document.2The rapid rebound from the economic effects of COVID-19 has given way to a new set of macro and geopolitical challenges.The war in Ukraine and the ensuing energy crisis combine