For the last two decades, private equity has consistently outperformed the public market, through market cycles and with less volatility. Private equity has won the debate in the minds of institutional investors, with the majority allocating an overweight position. However, an even greater opportunity for alpha exists in the mid-market, where there is comparatively less capital competing for a broader set of investable opportunities. In 2023, private equity continued to show the superior opportunity for returns in the mid-market. Looking forward, the outlook for private ...