The last few years in the private equity markets culminated in what I call "Moral Hazard at Scale." However, as the Great Reset begins in 2023, there are some encouraging signs that reality and rationality are starting to take hold in the market. This has me very bullish and why I believe now is the time to be investing in private capital markets. Those with conviction and patience should be handsomely rewarded.

Over the past two quarters, industry participants and research analysts alike have all put forward their wisdom on what the venture capital landscape will look like in the coming months and year. Set against a backdrop of a public market correction, increasing inflation, rising interest rates and political unrest, it would be easy to sound the horns of Armageddon and “let slip the dogs of war.”