Marco De Benedetti, managing director at Carlyle Group, sees a “definite slowdown” in private equity deal-making and says, “I think the peak is behind us.”

In this interview with Bloomberg De Benedetti elaborates on his views on the economy and what role private capital has to play in the coming years.

Firstly, De Benedetti was confronted with the question wheter the economy was past the peak. “Last year was a great year. I think on all dimension people getting out of the pandemic wanted to do things. Economies were firing on all cylinders. And in our industry deal making was at record highs. We’re seeing a definitely slowdown now. I think the peak is behind us and we are seeing a little bit more headwinds as we head into the second half of the year.”

Read more: Bloomberg