During a few years when returns seemed easy and gains and capital inflows hit record levels, general partners of private equity funds could do no wrong. Since inflation, double-digit reductions in asset values across most classes, and a series of banking failures, those days are pretty much over, says a report and survey results from legal firm Barnes & Thornburg.

Specifically in real estate investment, the firm says that caution has become common. “The real estate sector – originally thought to be a solid hedge against inflation – has been grappling with high interest rates, mixed demand, and low occupancy levels in certain assets, like office buildings,” the firm wrote.

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Erik Sherman



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