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US PE Breakdown

Q3 2020

US PE Breakdown

October 8, 2020

The Q3 2020 edition of the US PE Breakdown explores the rebound in US PE activity across dealmaking, exit activity, and fundraising. This report expands upon where GPs are finding opportunities and how updated Department of Justice (DOJ) guidelines and a potential change to the tax code could further underpin PE deal activity into the future. PE-backed exits also experienced a slight rebound from last quarter but are still down YoY. GPs have increasingly turned to IPOs for the largest exits, taking advantage of a buoyant public equities market, and have also sold several companies to SPACs, a trend likely to continue. Fundraising appears poised to end the year on a high note, with several mega-funds ($5 billion+) seeking to close before 2021. This rendition of our flagship US PE report also spotlights the 2020 SPAC frenzy, diving into the minutia of this bourgeoning method of taking companies public.

This report was sponsored by ON Partners and UMB Fund Services. Interested in sponsoring future editions of this report? Visit our media partnerships page to learn more.