Carlyle’s Wise Sees Good Year for PE Deals After ‘Tricky’ 2025

Harvey Schwartz, CEO of Carlyle Group, expressed optimism for private equity (PE) deal-making in 2025, anticipating a rebound after what he described as a "tricky" 2024. He believes that the current high interest rate environment and market uncertainty, which have hampered deal flow, will likely subside, creating a more favorable climate for transactions next year. The development arrives against a backdrop of shifting risk appetite, where investors are reassessing exposure to markets and weighing the second-order impact on adjacent sectors. Investors are watching the broader tape for follow-through. Live pricing was not available at the time of writing, but positioning data and order-book signals will shape the next session. Positioning across funds, options skew and credit spreads typically respond first; equity price action lags but tends to confirm the direction once volume returns. Readers should treat the immediate move as a sentiment proxy rather than a final verdict on fundamentals. For longer-horizon allocators the more important question is whether this changes the trajectory of cash flows, regulation or competitive dynamics. If it does, multiple compression or expansion follows; if it does not, the reaction fades within a few sessions and the prior trend reasserts itself. What to watch next: forthcoming earnings prints, central-bank guidance and any official commentary that either validates or pushes back on the market's interpretation. Reported by Bloomberg and contextualised by the Global Investing News desk under Mark Grundell.