In Alternative Views, Private Equity Wire® goes behind closed doors with those in the know to get the latest on private markets. In this episode, we discuss how private markets fare during a crisis with Mike O’Sullivan, chief economist at private equity investment manager and platform Moonfare.
Our conversation follows the publication of research by Moonfare which claims that private equity has outperformed public markets in every major economic crisis since 2000. We dive into the research to understand how Moonfare reached this judgement, and what it means for private markets moving forward.
O’Sullivan discusses the report’s key findings (1:05); whether PE’s outperformance will continue in present and future crises (6:08); private equity’s exposure to software (8:49); the availability of private markets data (10:27); and the impact of the demand for liquidity (13:29).
