Private equity pauses deals to triage investments

Unlock the White House Watch newsletter for free

Your guide to what the 2024 US election means for Washington and the world

Donald Trump’s tariffs are forcing private equity groups to pause their dealmaking and focus on managing their existing portfolio companies, in a stark reversal of earlier expectations for a boom in activity under the new administration.

One buyout executive at a top US firm told the Financial Times that economic uncertainty meant deals were being paused because…