Private equity activity remains robust but increasingly selective across regions and sectors, with APAC showing strong deal flow in marketing and tech-enabled services even as overall volumes fall and deal processes lengthen. In the US, PE-backed wealth managers like SEIA are pursuing rapid scale through acquisitions and new tax-focused services, while buyout valuations, governance, and platform strategies evolve for private-equity–driven consolidation in professional services, CPA platforms, and local business communities.