Downward pressure on asset valuations from inflation, rising interest rates, and sluggish economic growth has slowed deal flow across private capital markets. In the latest report in the series on private asset valuations, we consider the mark-to-market aspect of valuations and how this plays into performance expectations. Read Preqin's Private Asset Valuations: Q4 2022/Q1 2023, for our review of current trends and how we expect them to affect performance.