Are these firms more or less active during a recession? Do they actively hire or much less?
Private equity has a few advantages going into a recession. First, they aren’t forced to sell at the bottom. Pretty much all debt is cov-lite now, which means you can make it through the bad times without tripping a covenant and defaulting on your debt. Second, private equity firms have a ton of dry powder at the moment which they can use to buy good companies at cheap prices during a recession. So while in theory PE firm valuations should decline at some multiple of the market given the amount of leverage they deploy, in reality most PE firms made it through the recession relatively unscathed. Even firms that raised funds at peak valuation in 2006 ended up doing pretty OK.
Tech Industry
Yesterday
1052
I haven’t done shit today!
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41360
Worried that our top performer is an attrition risk. How do managers handle this?
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3092
Avoid teams with only Chinese or Indians especially with a Chinese/Indian manager
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360
India on path to become 3rd largest GDP by 2030
India
Yesterday
266
Heard congress distributing wealth
Why don’t you look up news stories from 2001 and 2008?