M&A Activity Faces Headwinds in 2025 As Uncertainties Loom. Private Credit Deals Remain Bright Spot.
Pensions & Investments
Asset management firms witnessed some huge deals in 2024, but macroeconomic uncertainties such as tariffs, government policy and high valuations may cool M&A activity in 2025.
At the same time, more strategic deals and partnerships between traditional asset managers and alternative firms are also in the works.
Christopher Connors, principal at Johnson Associates, a financial services compensation consulting firm, said deal activity among both traditional and alternative asset managers has softened from last year’s pace. Within alternatives, M&A has been especially focused on private credit and secondaries, he added.
Pensions & Investments / June 10, 2025
