The economy might have soured this year but for the biggest private equity firms this could present a wide range of sweet deals across private markets. And with so much dough sitting in the coffers – in excess of $2.5 trillion in dry powder – it is little wonder that GPs are going on the offensive to pick up stressed and distressed assets. The likes of Apollo Global Management, Blackstone and KKR are licking their lips as they build their pipelines spanning corporates, real estate and infrastructure. It certainly helps being diversified in this environment. The next 12 months could well end up being a feeding frenzy!