The U Word in Private Equity Investing

A lot of these macro developments have created uncertainty, which I in many instances call the U word. That makes it very challenging to be uncertain about these big macro shifts that we're talking about. How do you determine whether and when we're going to be on the verge of a turnaround in deal making? Hugh: Are there early indicators to investors should be watching in the months ahead to say, okay, is safe to put my toes back in the water or just jump back into the pool entirely?