2023 proved to be yet another challenging year in the capital markets after a difficult environment in 2022.

• Inflation remained top of mind for consumers, market participants, and most of all, the Fed in 2023.
• Fed policy took rates north of 5% which translated to higher borrowing costs for businesses and consumers.
• The tougher cost of capital landscape weighed on both deal volume and valuations.

Despite the friction of higher interest rates, the middle market proved to be resilient.   A handful of key tailwinds continue to drive markets:

• Levels of private equity dry power, while slightly off their highs, remain elevated.
• Entrepreneurs continue to innovate and build compelling businesses.
• Business owners, many of whom are approaching retirement years, need to be thoughtful about their transitions.

Come and listen to our expert panel of dealmakers, with decades of experience working with middle market companies, to learn what you can expect for 2024 and how to prepare.