It may not come as a surprise that the private equity and hedge fund industries were affected by COVID-19, albeit in opposing ways. According to PitchBook, U.S. private equity activity in 2020 totaled $708.4 billion over 5,309 deals, which represented year-over-year dips of 7.3% and 3.4%, respectively. For the first time since 2009, both deal-making value and count decreased. In contrast, the he…
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