Tighter funding conditions are squeezing upstarts, benefiting traditional firms
Investment activity expected to remain subdued in 2023, KPMG reports
State regulators oppose proposals to expand private markets, erode investor protections
Many are changing due diligence or narrowing their investment universe
KPMG sees slowdown for VC investment in 2023
Founder Schwartz remains chairman of private equity firm with US$47B in AUM
Venture capital, infrastructure and private debt are expected to see the most growth
The financing will be put toward expansion, the firm said
Many other funds struggled amid tumultuous global markets
Regulators propose expanding post-crisis reporting requirements