
Download the December 2020 issue of Unquote

This month in Unquote: With an end to the pandemic in sight, Unquote recaps a year like no other, and maps out what market players expect from 2021.
"Over the summer, LPs saw valuations start to recover. And, just as importantly, we saw a return to some travel and a return to dealmaking. If you had asked back in March if it was likely to happen that quickly, people would have thought you were mad." These thoughts from Richard Hope, head EMEA at Hamilton Lane, neatly sum up how many in the industry will look back on 2020: a year in which private equity was faced with its greatest challenge since the global financial crisis, but in which it also showcased its ability to take on such headwinds and bounce back.
Echoing the views of a number of professionals with whom Unquote has spoken since March, Hope points out that LPs have been generally impressed with the level of transparency from GPs, compared with 2008 – and not just at the top level from the IR teams, but from the investment teams as well.
Of course, that protection and transparency effort was made possible because of (and no doubt contributed to) severely reduced investment activity from late March onward. Simply put, Unquote had not recorded such a drastic quarter-on-quarter slowdown in deal-doing since the summer of 2008.
But with activity returning to near-normal levels in recent weeks, despite a second wave of lockdowns across Europe, Unquote delves into what market players are anticipating as 2021 rolls on.
Also in this issue:
- Regional 2021 previews for the UK, DACH, Scandinavia and southern Europe
-
Covid-19, oversubscribed funds fuel early secondaries
- GP Profile: Consilium Private Equity
- Our usual in-depth coverage and statistical analysis of activity in each regional market
To download the latest issue of Unquote in PDF format, please click here
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Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
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Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater