Insights into the Evolving Private Equity and Venture Capital Markets


Michael W. Crook, CAIA
Chief Investment Officer
Andrew Murray
Managing Director, Private Equity

Executive Summary

  • The transaction history in private equity and venture capital markets peaked in 2021–2022 and has normalized since then across fundraising, deals, and exits.
  • Valuations have come down but are still relatively high compared to historical levels.
  • Opportunities going forward include specialized buyout firms and infrastructure services.
  • Secondary transaction volume, especially GP-led, was strong in 2022 and is expected to continue to grow.

We’re pleased to share an interview moderated by Michael Crook, Chief Investment Officer, featuring Andrew Murray, Managing Director of Private Equity, and guest speaker Bill Bracamontes, Managing Director at Wilshire. Please click the download button below to read the conversation.

Read the interview here.

Disclosures & Important Information

Any views expressed above represent the opinions of Mill Creek Capital Advisers ("MCCA") and are not intended as a forecast or guarantee of future results. This information is for educational purposes only. It is not intended to provide, and should not be relied upon for, particular investment advice. This publication has been prepared by MCCA. The publication is provided for information purposes only. The information contained in this publication has been obtained from sources that

MCCA believes to be reliable, but MCCA does not represent or warrant that it is accurate or complete. The views in this publication are those of MCCA and are subject to change, and MCCA has no obligation to update its opinions or the information in this publication. While MCCA has obtained information believed to be reliable, MCCA, nor any of their respective officers, partners, or employees accepts any liability whatsoever for any direct or consequential loss arising from any use of this publication or its contents.

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