As 2023 unfolds, private-equity firms enter what some predict will be one of the more challenging periods the industry has seen since the Covid-19 pandemic. Yet the challenges will create investment opportunities for firms with capital to deploy. Read our latest WSJ Pro Special Report here.

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This newsletter is compiled by James Christie in San Francisco.

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James Christie , Jon Hilsenrath , Nell Henderson , Nick Timiraos , Kim Mackrael , Tom Fairless , Megumi Fujikawa , Perry Cleveland-Peck [mailto:perry.cleveland-peck@wsj.com], Michael Maloney , Paul Kiernan

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This article is a text version of a Wall Street Journal newsletter published earlier today.


(END) Dow Jones Newswires

01-23-23 0715ET