Covid-19 fallout continues to hit firms across the world, both in terms of supply and demand, and the predicted ensuing recession is likely to change how we live in the future. While the outbreak has unsettled lives and businesses across the world, delaying deal processes and fundraising, there are ‘new world’ sectors that will do well.
The coronavirus has decimated global markets in recent weeks. And with PE funds competing to complete deals last year at record high valuations, the big question now is how managers navigate the threats of recession over the coming period. Many will be asking themselves: ‘How far might valuation multiples fall in this current climate and do we have the right risk protection in place for our portfolios?’
As the global economy is entering a recession following the global coronavirus pandemic, business activity grinds toward a halt worldwide. What will this mean for the health of GPs' portfolios and how can the risks be managed in an effective way?
As WHO classed the Coronavirus outbreak as a pandemic yesterday and governments are taking increasingly significant steps to ensure that businesses can weather the storm, private equity firms are holding back on M&A for the time being, according to Eight Advisory.
With private equity set to further blossom over the next decade and continue its AUM expansion, it will become incumbent upon industry leaders to explore new ways to deliver growth in their firms’ portfolios.
Pamlico Capital (Pamlico), a lower middle market private equity firm focused on growth-oriented businesses, has held the first and final close of Pamlico Capital V (PC V) at the fund’s hard cap with total commitments of USD1.4 billion.
Middle market private equity firm Odyssey Investment Partners has held the first and final closing of Odyssey Investment Partners Fund VI, a USD3.25 billion private equity investment fund formed to pursue control-oriented investments and management buyouts of established middle-market companies.
The not-so-distant future in terms of climate risk means that transparency when it comes to ESG investing is increasingly on the minds of LPs.
Legend Capital, a venture capital and growth investment firm in China, has closed the transfer of portfolio companies from LC Fund IV, a 2008 fund, into a USD200 million continuation vehicle.
One of Lithuania’s largest asset management companies, INVL Asset Management, has held a final close of INVL Baltic Sea Growth Fund, the largest private equity investment fund for the Baltic region, at a total of EUR165 million.