The 'U-word' has well and truly returned to private markets. Uncertainty has dominated conversations the first half of April, as the back-and-forth tariff announcements have deepened the pause in dealmaking.

For the private equity industry, the trade war adds unwelcome distractions to an industry already grappling with challenges including lower distributions, higher interest rates, a difficult fundraising environment, consolidation and fundamental changes.

In this episode, editors from PEI Group's various titles covering the M&A market, deals, secondaries, LP insight and GPs analyze the private equity industry's response to the tariffs and volatility; where the challenges and opportunities lie; and what market participants are keeping their eyes on.

In this episode:

See also: Tariff turmoil: What do PE professionals think?