PE firms may slow down hiring in 2023, but layoffs are unlikely

Executive recruiters and compensation consultants are anticipating a slowdown in private equity hiring in 2023, but mass layoffs aren't in the cards.

Amid declining fundraising figures and a difficult dealmaking environment, PE hiring will likely wind down moving into the new year, but the asset class's strategic insulation from market turmoil means it won't grind to a halt. With ample dry powder, longer-term investment horizons and income from management fees, PE firms may slow down growth, but they won't stop it. READ MORE