Lessons from COVID-19 for private debt

The global economic shutdown triggered by COVID-19 has put the North American private debt industry to its first major test. Top of mind for industry professionals right now is how the US private debt market is likely to fare. Looking back, what lessons can be learned from the global financial crisis that are relevant today? What lessons are emerging as a result of COVID-19? And looking forward, how might the industry evolve?

To help answer these questions, Preqin compared GFC-era data and Q1 2020 data across key metrics such as fundraising, deals, and performance. They also spoke with industry experts who offer valuable insight into how the market has changed since the GFC – and what that might mean for the future.

Read the research here

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Florida: Opportunities in a crisis

Florida: Opportunities in a crisis

The Florida State Board of Administration has made some strategic moves to take advantage of opportunities in the dislocation, including in private equity, distressed debt and active listed equities.. But CIO, Ash Williams, is concerned about the underlying real economy.

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Impact of COVID-19 on globalisation

This paper argues that the COVID-19 pandemic is an inevitable result of globalisation and that the pandemic, in turn, has seriously threatened the world’s globalisation, but adverse effects on globalisation will be temporary.

The moment when America fell behind

Although governments everywhere are scrambling to contain the economic fallout from COVID-19, some are approaching the task more strategically than others. The European Union and China, in particular, are focusing on long-term investments in clean energy, whereas America is doubling down on the past.

Less globalisation, more multilateralism

While some degree of deglobalisation may be desirable today, this process also carries grave risks, from skyrocketing production costs to geopolitical conflict. The only way to mitigate those risks is through enhanced multilateral cooperation.

The shape of Asia’s new cold war

China's decision to demolish the "one country, two systems" arrangement in Hong Kong appears to be a fait accompli, and in fact seems to have been preordained. Viewed in a broader context, the move represents a major salvo in a new cold war that is already playing out across three critical dimensions.

Enormity of climate crisis misunderstood

There is a lack of understanding in investment decision-making about how big the climate crisis is which could lead to investments and risks being mis-directed, according to Professor Cameron Hepburn, Professor of Environmental Economics at Oxford University.

How do we change America?

The quest to transform this country cannot be limited to challenging its brutal police.

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