Notable News in Private Equity October 2020

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

Notable Notes ...“The most dangerous thing is to buy something at the peak of its popularity. At that point, all favorable facts and opinions are already factored into its price and no new buyers are left to emerge.” - Howard Marks

...Opportunity themes: 1) Disrupted industries that will return when safe but price in a hold period (travel, dine-in restaurants and entertainment); 2) Industries with accelerated trends (technology, remote working, infrastructure in some regions); and 3) Distressed assets added to performing platforms.

US PE Middle Market Report Q2 2020 Read more files.pitchbook.com Download PEI's special report on the US mid-market |... In the magazine: Private equity investors search for opportunities; Keynote interviews with Baker McKenzie, Ardian, IHS Markit, Investec; Fundraising data. Plus much more. Read more www.privateequityinternatio... Pitchbook Benchmarks Private Markets Data as of Q4 2019 Read more files.pitchbook.com Future Consumer Index: How to thrive in the age of... We've been tracking the impact of the COVID-19 pandemic on consumers around the world for four months now, and it's clear that the road to any kind of post-pandemic normality will be a long and winding one. Some countries are continuing to move... Read more www.ey.com KKR Sees "The New Normal" - Private Equity Professional KKR has released a new report titled "The New Normal" which explores the long-term implications of COVID-19 on cities and consumer trends. "Following a decade of relative prosperity, overlapping calamities in 2020 have brought economic activity... Read more peprofessional.com

'Tremendous increase' in corporate relocations,... Despite some companies pausing projects due to the pandemic and the resulting economic meltdown, Texas has more potential corporate relocations and expansions in the pipeline than before Covid-19 hit. Austin itself could set a record in 2020 for... Read more www.bizjournals.com What's happening now with M&A is going to make today's... The resurgence of M&A activity is a bad omen for the stock market. I'm referring to the blistering-hot pace of M&A deals in recent weeks. After M&A activity ground to a virtual halt in the second quarter, it came roaring back over the summer.... Read more www.marketwatch.com Creative Destruction: How PE Business Development May... By Mark Gartner, Principal & Head of Investment Development, ClearLight Partners "Every act of creation is first an act of destruction." - Pablo Picasso The pandemic is stress testing everything, and COVID-19 may finally kill several business... Read more peprofessional.com Texas Economy Improves Despite Lagging Sectors as... Pia Orrenius and Chloe Smith Texas economic growth has picked up with the decline of new COVID-19 cases since July. Still, pockets of deep distress persist in parts of the services, retail and transportation sectors as well as in the energy industry. Read more www.dallasfed.org

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