Private equity firms have long touted their ability to make savvy investments when the economy is disrupted. But the industry has never experienced anything quite like 2020.
Whether it was conducting fundraising roadshows over Zoom or embracing less-common investment strategies (hello SPACs!), the industry had to adapt. And adapt it did, with firms using their own considerable cash piles to keep struggling portfolio companies afloat while simultaneously making new investments. READ MORE
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