https://rischgroup.com/wp-content/uploads/2019/03/private-equity.jpg 133 200 Dick Risch https://rischgroup.com/wp-content/uploads/2019/03/logodraft1-03.png Dick Risch2021-06-30 19:49:582021-07-26 17:12:17Private Equity Raises 180bn in Q1, What will Q2 Bring?
The industry is poised for even faster growth for the rest of the year, so it should be interesting to see what Q2 numbers shape up to be. Many firms added the SPAC to their tool box for fundraisng purposes. With over 200 SPAC launched in 2020, and more to come this year, it has proven to be a viable addition to the fund raising process. The outbreak of the pandemic forced private equity firms to adopt virtual strategies to close deals. While they relied on their technical expertise to provide companies with the tools they needed to continue to do business last year, they also had to change their model to continue operations. The lack of in-person due diligence has put many PE firms without existing limited-partner relationships at a disadvantage. However, many limited partners are re-prioritizing adding new general partners, which is going a long way to creating a healthy first-time fundraising environment as well. Private equity firms are continuing to flourish by capitalizing on unique fundraising opportunities and forming relationships to help their portfolios succeed. If private equity firms follow the lessons learned last year, they will continue to be a major tool to fuel small-business growth and recovery in 2021