Billionaire UBS Clients Plot Private Equity Funds’ Retreat (1)

UBS Group AG’s billionaire clients are planning to curb allocations to private equity funds amid a global slowdown in the market that’s left many buyout firms struggling to raise new cash.

Almost a third of 87 individuals commanding 10-figure fortunes surveyed by UBS are looking to cut contributions to private equity vehicles over the next 12 months, the highest decrease of more than a dozen investment topics cited in the lender’s Billionaire Ambitions Report 2025.

At the same time, about half of those polled in the second half of this year said they intend to boost bets in the ...