Private-equity managers are continuing to invest at a record pace while attempting to manage uncertainty around interest rates, inflation and global geopolitics, a report from consulting firm Bain has said.

In buyout deals, exits and fundraising, the industry set records last year, according to the report, released 7 March by the Boston-based firm. Fund managers continue to deploy capital at the same furious pace this year despite new macroeconomic risks, said Brenda Rainey, executive vice-president of Bain’s global private-equity practice.