Exits are already down
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Exit activity is bound for a tough year, as preliminary Q1 numbers confirm. Historically, first quarter exit totals are typically on the low end anyway; it’s common to see a lull coming off of fourth quarter sprints. Q1 2020 was slow even by that forgiving standard, down 37.3% YoY on a value basis, according to PitchBook’s just-released Private Equity Breakdown Report.