Are we headed for dark times especially within the realm of PE by 2030?

Hi all, sharing an interesting read. https://x.com/xavierhelgesen/status/1794783253930578048?s=46&t=f7BvR5GapZ-YmNFUi3QH1A

My key take aways from this article are as follows:

• Private equity relies heavily on low interest rates and optimistic assumptions.

• Rising interest rates could lead to significant challenges and losses for private equity firms.

-The industry has shifted from entrepreneurial roots to being overcapitalized and reliant on management fees.

-Private equity deals often involve selling businesses to other private equity firms, delaying the impact of market realities.

What do you think ? Are we headed for dark times especially within the realm of PE by 2030?