1、Global Fund Banking Outlook Report Q4 2022Investors today have lived through some of the most interesting few years in the history of private markets.Following a brief recession at the onset of the COVID-19 pandemic,investor sentiment quickly reversed,sending fundraising and investment figures to ne

2、ver-before-seen levels.Today,the winds of change have blown again,as investor sentiment has soured throughout the year,catalyzed by poor performance in the public markets and softening macroeconomic conditions.Investors in todays market face any number of challenges.On the macroeconomic front,stubbo

3、rnly high inflation and the accompanying rising interest rates have put the brakes on the global economy.Meanwhile,industry-specific challenges proliferate,such as persistently elevated valuations and the denominator effect.Fund managers and limited partners are forced to grapple with these and othe

4、r issues in an increasingly difficult environment.Despite the market fog,rays of hope continue to shine through.Dry powder levels remain near record highs,providing fuel for continued private market investment and investment levels while lower than the most recent quarters are in-line with investmen

5、t activity seen before the heights of 2021.In fact,downturns have historically brought great opportunity,with funds raised during recessions outperforming surrounding years.Meanwhile,Chief Financial Officers(CFOs)are helping firms navigate current market conditions by finding ways to capture efficie

6、ncies and capitalize on opportunities that present themselves.The use of long-term hedging strategies has increased significantly as currency markets have become more volatile.Interest in lines of credit has also risen,facilitating effective management of fund finances.If history is any guide,our cl