JPMorgan's Guven Toktamis on Private Equity DPI & Outlook
THE SO WHAT
With sponsored M&A volume reportedly up ~40% in 2026 and DPI pressure front and center, PE is being pushed to crystallize returns rather than sit on paper marks. If you’re a founder with a PE sponsor, assume more bias toward exits and carve-outs—be ready with a clean data room and a story for both strategic and secondary buyers.
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