Notable News in Private Equity August 2020

A monthly email providing news from the world of private equity.

Notable Notes ...unemployment dropped from a peak of 14.7% to 11.1% in June, with major Texas metro areas 7.5% - 10%, but initial claims were 1.4 mil weekly during July ...stunted interest in jobs is unplanned consequence of government intervention amid high unemployment

..."Out of every one hundred soldiers, ten should not even be there, eighty are just targets, nine are real fighters, and we are lucky to have them, for they make the battle. Ah, but the one, the one is a warrior, and he will bring the others back." – Heraclitus of Ephesus

Investor views: Will PE outperform public markets... What do some of the leading figures from the Global Investor 100 have to say about today's private equity market? Find out in the second of a series of five articles. Read more www.privateequityinternatio... BlackRock's Take Private Markets in Downturns: 3 Observations Read more www.efront.com Carlyle, Apollo both back in the black after grim Q1 |... The Carlyle Group and Apollo Global Management both returned to profitability in the second quarter of the year, with double-digit appreciation in the firms' private equity portfolios keying a rebound from massive first-quarter losses that came... Read more pitchbook.com Secondaries giants drive H1 fundraising to three-year... Funds that closed on more than $5bn in H1 took on average 15 months to do so, longer than in any of the previous five years, according to PEI data. Read more www.privateequityinternatio... The 2020 SRS Acquiom M&A Deal Terms Study | SRS Acquiom The 2020 SRS Acquiom M&A Deal Terms Study analyzes more than 1,200 private-target acquisitions, valued at over $239 billion that closed from 2015 through 2019 in which SRS Acquiom provided professional and financial services. The vast majority of ... Read more www.srsacquiom.com

Q2 2020 US PE Breakdown | PitchBook The Q1 2020 edition of the US PE Breakdown delves into how COVID-19 has affected US PE activity, covering dealmaking, exit activity, and fundraising. This report notes how as traditional buyout opportunities dried up in Q2, PE firms turned to... Read more pitchbook.com Alternatives in the Age of COVID-19 - July 2020 In the middle of June, the giant public pension CalPERS made headlines for confirming its commitment to allocate more to private equity and private credit. Read more www.intralinks.com North American M&A Report - Q2 2020 M&A activity in North America continued to decline as the COVID-19 crisis remained an unrelenting problem, especially in the US. Read more files.pitchbook.com 1H20 PE Fundraising Report YTD fundraising in line with recent years, though average fund size rising... Read more d16yj43vx3i1f6.cloudfront.net US buyout multiples soar during coronavirus - report A spike in US buyout multiples was driven by opportunistic investing and certain sectors experiencing a 'sugar-rush' of sudden demand, according to PwC. Read more www.privateequityinternatio... The Fed - Beige Book - July 15, 2020 Overall Economic Activity Economic activity increased in almost all Districts, but remained well below where it was prior to the COVID-19 pandemic. Consumer spending picked up as many nonessential businesses were allowed to reopen. Retail sales... Read more www.federalreserve.gov

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