Allocators are pulling back from new private equity commitments as cash remains trapped in illiquid portfolios, forcing investors to ration capital even as deal values climb and fund managers talk up recovery.Deal volume fell 22 percent year-over-year, according to S&P Global Market Intelligence, while value rose to $154.64 billion from $137.31 billion. This is impacting allocator budgets, with CIOs making fewer new commitments.
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