Even With Slowdown in M&A, Private Credit and Crypto Will Remain Hot

Deal momentum slowed in the second quarter of 2022 amid growing global macroeconomic and geopolitical uncertainty.

In a 2022 midyear look at asset and wealth management deals, PwC said the slowdown could signal a continued easing in the second half of the year. However, the report noted that while deal markets slowed a bit in the first half of 2022, asset and wealth management deal volume didn’t hit rock bottom.

According to the report, deal volume remained at a “strong pace” in the first half of the year, with 109 deals announced by May 15, an 11 percent increase over the same period in 2021. Notable transactions included UBS’s acquisition of Wealthfront for $1.4 billion, AllianceBernstein’s acquisition of CarVal Investors for $1.4 billion, and Carlyle’s acquisition of a portfolio of collateralized loan obligations from CBAM for $787 million, the report said.

Published by Jessica Hamlin in Institutional Investor.