Private equity funding plummets in COVID-19: Experts say it's a blip - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 51%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Private-equity fundraising hit a 2-year low in Q2 as coronavirus wreaked havoc with businesses and travel. We spoke to experts about why the drop is a 'pause, rather than a wholesale change.'

Become an InsiderPrivate equity funds raised the lowest amount of capital last quarter since the first quarter of 2018, as the COVID-19 pandemic ate into corporate activity and grounded travel.Fund managers say the amount and the pace of funding have dropped dramatically, with the five largest funds accounting for a third of total capital raised this year.

In Europe, 45 private-equity and venture-capital funds together raised $36.5 billion to invest in European companies in the second quarter, following lockdowns in major cities. Preqin said 3,754 funds were active in July, but their ambitions were less than at the start of the year, at $884 billion, compared with $926 billion in January."It's taking longer," said Paul Sampson, a partner in Allen & Overy's funds and asset management group in London.

More than half of those investors polled by Preqin planned to reduce the number of funds in which they invest and a similar proportion plan to cut the amount they invest due to the virus.The gap between the larger and smaller funds has grown this year. According to a report in Bloomberg, Europe-based manager CVC raised $24 billion for its eighth buyout fund in July, one of the largest amounts ever raised for a private-equity fund. The firm declined to comment.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 729. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Inside Equifax's cloud migration and digital transformation strategy - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Uber experts say 2 key numbers reveal impact of COVID-19 on company - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. COVID-19 CCPVirus MAN MADE CCP VIRUS ‼️‼️‼️
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »