Sluggish distributions to push investors towards GP-led continuations amid tariff uncertainty

Sluggish distributions to push investors towards GP-led continuations amid tariff uncertainty

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Trump’s Liberation Day tariff announcements have slowed down deal flow, with sourcing expected to remain uneven as markets absorb the impact. As early-2025 optimism fades and distributions turn sluggish, investor focus is shifting to more defensive plays—private credit, infrastructure, and fund-of-funds—for resilience as well as predictable returns and liquidity solutions, with GP-led continuation vehicles poised to gain momentum.

Edited by: Joymitra Rai

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