How can macro signals sharpen private equity allocation decisions? In today’s challenging macro environment marked by higher interest rates, heightened market volatility, and tighter lending conditions, CIOs face increasing complexity in allocating to private equity. This research provides actionable insights for CIOs and asset allocators by examining how credit conditions, equity markets, and macroeconomic trends influence private equity fund cash flows and performance. Our findings show that capital is deployed and returned quicker when credit is accessible and equity markets are robust. Funds launched in low-rate, low-valuation environments tend to outperform, while rising long-term rates widen performance dispersion, making manager selection increasingly critical. For decision-makers navigating today’s complex market landscape, understanding these macro linkages can be a powerful edge.