Mid-Market Valuations Fare Better Than S&P 500 - Private ...
According to Lincoln International's Middle Market Index (Lincoln MMI) declines in the enterprise value of private middle market companies in the first quarter were comparatively muted-declining 7.5%-compared to the sharp 16.0% decline of the S&P ...
COVID-19's Effect on Valuations - Private Equity...
Gen II Fund Services, a provider of private equity fund administration services, has just released the results of a survey on how COVID-19 is affecting the valuations of private equity portfolio companies. Results of the survey show that...
Investors in private-equity funds are focusing more intently on how fund managers value their assets as they brace for further markdowns in their portfolios over the next quarter or two. Some are questioning how much they can rely on the...
U.S. workers filed fewer unemployment applications for the eighth straight week, but the level of claims remained 10 times higher than before the coronavirus pandemic. New claims for jobless aid declined to a seasonally adjusted 2.1 million last...
If you want another reason beyond Friday's April jobs report (see nearby) to reopen the economy, look no further than Friday's Congressional Budget Office report on the federal fisc for April. The combination of collapsing revenues from the...
Private Equity Turns To Performance-Based Metrics To Get ...
By Marlene Givant Star With little visibility on revenue or the timing for an economic recovery, middle-market private equity firms are turning to a tried and true provision to get transactions to the finish line: earn-outs. When buyers are...
A new report from Eaton Partners indicates that most institutional investors are remaining with their private market allocations despite increased stress from the COVID-19 pandemic. According to a recent survey, half (51%) of the limited partners ...
Apollo Makes Another Non-Control Deal - Private Equity...
Apollo Global Management will purchase $1.75 billion of convertible preferred stock of Albertsons Companies, one of the largest food and drug retailers in the United States. Albertsons has been a portfolio company of New York City-based Cerberus...
Another 2.4 million Americans filed for jobless benefits last week for a total of 38.6 million in nine weeks. The good news is that as states let businesses reopen, many of these folks should be able to get back to work.
State and Local Budget Woes Create Drag for Economic...
The hit to U.S. state and local finances from the coronavirus pandemic could be a drag on the nation's economic recovery for years to come, if the past is any guide.
