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Quantitative Perspectives: US Private Equity: Resilience in Unprecedented Times

Q1 2021

Quantitative Perspectives: US Private Equity: Resilience in Unprecedented Times

March 22, 2021

Quantitative Perspectives: US Private Equity: Resilience in Unprecedented Times
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Twelve months ago, PitchBook's quantitative analysts provided a playbook for what the private equity industry might face in the then-nascent COVID-19 crisis. A year on, the newest edition of our Quantitative Perspectives report revisits those predictions and considers the impact of a recession unlike any in history.

What felt like a free fall was followed by a recovery lasting just months, rather than the typical years-long struggle to return to normal. 2020's wild ride is setting up private equity for a fascinating future. Highlights from the report include:
 
  • The unprecedented amount of fiscal and monetary stimulus that fueled the speedy recovery will have lasting impacts on financial markets.
  • Far from completely disrupting private equity, the pandemic helped accelerate long-term trends and boosted resilience by driving dealmaking in tech and healthcare.
  • The record amount of liquidity available to purchase private companies—more than $2.3 trillion—should provide a tailwind for PE-backed exits in 2021.