Matt Stockstill Discusses Outlook for Private Equity in 2025 with Pensions & Investments

Winston & Strawn partner Matt Stockstill was quoted in a Pensions & Investments article discussing the outlook for private equity transactions and exits in 2025. Matt expects to see a slow uptick of private equity-backed M&A in the first couple of quarters of 2025, helped along by a variety of factors such as lowering interest rates, deregulation efforts by the Trump administration and a need for liquidity events by private equity firms. He said that there could be significantly more volume by the end of the year due to pent-up demand for transactions, capital to put to work, and “deals that are long in the tooth,” but interest rates will need to continue to fall, and sellers may have to adjust their expectations.

“People are looking for lower interest rates, lower taxes and less regulation,” as well as less anti-trust reviews that will make it easier for clients to get deals done, he said. But as was seen in the first Trump administration, things can change quickly leading to “a decent amount of uncertainty” around policies that could drive higher inflation such as tariffs, he said.

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