The Wild Frontier: Navigating the Unpredictable Terrain of Macroeconomic Uncertainties in the Swedish Private Equity Industry

Sammanfattning: This study examines how current market uncertainties affect Swedish Private Equity firms' investment processes. By conducting a cross-sectional study in which 12 Private Equity firms participated, this study addresses the sparingly researched topic of how uncertainty influences the Private Equity investment process, from fundraising to exit, and how Private equity firms adjust their strategies and decisions to uncertain market environments. The study finds that the dynamic relationship between uncertainty and the various stages of the investment process is highly contingent on several factors, leading to a varying degree of impact on each stage based on firm characteristics. Lastly, the study contributes to the existing literature by providing a unique context in which uncertainty is examined within the continuously growing Private Equity sector, bringing new levels of relevance to the fields of uncertainty and Private Equity.