Datasite: AI to Speed Up M&A

Datasite: AI to Speed Up M&A

According to Datasite, over the next five years new technologies, including artificial intelligence, will transform the mergers and acquisitions process by decreasing the time it takes to perform due diligence to less than a month from three to six months today. Datasite’s new report – The New State of M&A – is based on a […]

Despite Headwinds, Packaging Industry Faces Pockets of Growth

Despite Headwinds, Packaging Industry Faces Pockets of Growth

A recent survey by L.E.K. Consulting, conducted just before the economic dimension of the COVID-19 pandemic took hold, shows that nearly 50% of consumer packaged goods (CPG) brand owners expect to boost their spending on packaging, up from 41% who said the same in last year’s survey. Given some subsequent research in the space, L.E.K. […]

DOL Action Expands 401k Access to Private Equity

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 private equity choices due to the risk of litigation from plan participants that allege excessive fees or underperformance. The […]

Eaton: Denominator Effect Overblown

Eaton: Denominator Effect Overblown

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 surveyed say they are making no changes to their portfolios at this time, while 23% are increasing allocations and […]

Who Are You?

Who Are You?

By Andy Greenberg, CEO GF Data® and Greenberg Variations Capital – Last month’s commentary – aptly titled “Nobody Knows Anything” – elicited a strong response, mainly in agreement that the conventional methods for valuing most businesses are currently inoperative.  If you cannot calibrate risk, you cannot come up with a risk-adjusted view of value. Thus, […]

Mid-Market Valuations Fare Better Than S&P 500

Mid-Market Valuations Fare Better Than S&P 500

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 500. The Lincoln MMI measures changes in the enterprise values of private middle market companies over time based on a […]

COVID-19’s Effect on Valuations

COVID-19’s Effect on Valuations

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 approximately 80% of private equity firms believe there could be up to a 25% reduction in the […]

Private Equity’s View of COVID-19

Private Equity’s View of COVID-19

A just-completed survey from Stifel Financial of technology executives, entrepreneurs, and private equity and venture capital investors finds most expect the COVID-19 crisis to have a lengthy impact on business operations, leading to a U-shaped economic recession. The new survey, conducted from April 6-12, had 270 respondents and reported that a majority of portfolio companies […]

Institutional Investors Hold the Fort

Institutional Investors Hold the Fort

Placement agent Eaton Partners, a subsidiary of Stifel Financial, has completed a survey that reveals an overwhelming majority of institutional investors (64%) are making no changes at this time to their private market allocations despite dislocations caused by the coronavirus crisis. In fact, some institutions (15%) are increasing allocations. According to Eaton Partners LP Pulse […]

Key Takeaways From PIMCO’s Cyclical Outlook: From Hurting to Healing

Key Takeaways From PIMCO’s Cyclical Outlook: From Hurting to Healing

We expect the global economy and financial markets to transition from intense near-term pain to gradual healing over the next six to 12 months. However, there is the risk if not the likelihood of an uneven recovery, with significant setbacks along the way and some permanent damage. By Joachim Fels, Global Economic Advisor, PIMCO Following […]

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