Notable News in Private Equity
July 2020
A monthly email providing news from the world of private equity.
Notable Notes

..."Be fearful when others are greedy; be greedy when others are fearful." Warren Buffet

...in contrast with expectations for the May unemployment rate to spike above 20%, the figure fell from 14.7% in April to 13.3%
...Major shifts for investors 1) Technology replaces being there 2) Localization 3) Conservative balance sheets 4) Social issues prominent 5) Travel, restaurants and entertainment slow to recover

Could COVID concerns be driving homebuilder sentiment in some regions, and hurt housing in urban and densely populated regions?
The Case for Alternative Investments

With stock market swings and exceedingly low interest rates, now could be a good time for some investors to consider alternative assets. Financial advisers cite two reasons. First, for those with the money, the current crisis is creating...

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www.wsj.com
PitchBook Benchmarks

Private Markets Data As Of Q3 2019

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files.pitchbook.com
Vanguard private markets head: PE will come downmarket

Private equity should be an asset class for the 99% of investors who 'need it more', says the index fund behemoth's Fran Kinniry.

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www.privateequityinternatio...
Trump signs Paycheck Protection Program Flexibility Act

President Donald Trump on June 5 signed legislation giving small businesses more flexibility on how and when they use their loans under the U.S. Small Business Administration's Paycheck Protection Program. The Senate passed the measure...

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www.spglobal.com
If Inflation Is Coming, the Market Isn't Ready

Politics has changed significantly in the past decade, and governments have found a new way to create money without central-bank help. A new inflationary era might be on the way, and if it is, the markets have got it completely wrong.

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www.wsj.com
Homebuilder sentiment posts biggest monthly surge ever,...

A faster-than-expected turnaround in homebuyer demand, following a sharp drop-off at the start of the coronavirus pandemic, has the nation's homebuilders bullish on their business again. Builder sentiment jumped a striking 21 points in June to...

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www.cnbc.com
Aksia's Fann would overweight private equity 'if this...

Fann said private equity has many advantages other investment types lack as the coronavirus crisis plays out.

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www.privateequityinternatio...
DOL Action Expands 401k Access to Private Equity -...

Last week, the Department of Labor provided an information letter to confirm that companies with 401(k) plans can now offer private equity options to their employees. Presently, 401(k) plan fiduciaries do not provide plan participants with...

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peprofessional.com
Unemployment Rate Fell to 13.3% in May

The U.S. jobless rate fell to 13.3% in May and payrolls rose by 2.5 million, as signs suggest jobs are returning. The unemployment rate was 3.5% in February and surged in April to 14.7%, the highest level for records dating from 1948.

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www.wsj.com
Stock Pickers Underperformed During Coronavirus Market...

Most U.S. large-cap stock-picking funds underperformed the benchmark S&P 500 during the tumultuous early months of 2020, according to new data from S&P Dow Jones Indices. As fears of the coronavirus pandemic and related economic damage rippled...

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www.wsj.com
From bars to dentists, May's US jobs surge swept through ...

Consumer-focused sectors may have led the way as shops and restaurants reopened, but the surprising U.S. jobs recovery in May was also surprisingly broad-based. One way of measuring the breadth of the recovery is a "diffusion index" produced by...

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www.spglobal.com
Texas Capital Building Texas Companies
Texas Next Capital, LP
10101 Reunion Place, Suite 600
San Antonio, TX 78216
Phone: 210-826-2250
Fax: 210-826-2252