Q3 2022 PE Report shows a distinct slowdown in deal activity. However, PitchBook notes that y-on-y comparisons are a bit misleading -- given how much deal activity spiked in 2021. Relative to pre-pandemic trends, PE activity remains at very healthy levels despite all of the negative macroeconomic news currently.

https://pitchbook.com/news/reports/q3-2022-us-pe-breakdown