Private Markets in Downturns:
Defining the optimal set of actions in coping with COVID-19 induced shocks requires all private equity stakeholders to address some …
When observers are confronted with a crisis case, they will look back to identify other similar cases and compare. Our latest FrontLine paper looks back at the Great Financial Recession to evaluate its impact on the NAVs of American and European LBO funds and finds that they under-react to the evolution of listed indexes. The extent of the impact of the economic slowdown is closely related to the investment stage of a fund.