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The manufacturing of tomorrow. The European private equity industry has been resilient in the face of recent disruption, which gives fund managers and investors great confidence for the future. Data for the first quarter of 2022 shows a remarkable rebound when compared to 2021. Private equity investment levels reached a new high in the first half of 2022, putting the industry on track for another strong – and potentially record-setting – year. Fundraising is matching the high levels achieved in recent years, while exits have also improved.