Hannah Zhang

Private equity investors largely believe dealmaking activity will increase this year, which will in turn boost exits and distributions.

The London-headquartered firm had been mulling a CV for three assets, including AssuredPartners and Safetykleen.

Advent is among a group of PE powerhouses including Clearlake and Vista that are exploring CV processes for their software companies.

The transaction is in the early stages and could reach $2bn in size, sources said.

'Valuations have returned to a steady state, but GPs are facing more significant DPI challenges than ever,' W Capital Partners' David Wachter said.

PE firms will find it tougher to invest once interest rates get cut, says Blackstone's president and COO in a video interview with PEI Group's Richard Melville at NEXUS 2024.