In 2020, private equity firms and their portfolio companies experienced the same pandemic-fueled economic shocks as every other business. But because of specific eligibility criteria, many PE firms did not qualify for forgivable loans from the Paycheck Protection Program instituted by the CARES Act. Now PE firms are looking for growth opportunities in a low-asset-value environment. They’re also taking on an expanded role in shepherding their portfolio companies through an uncertain economic future that may include future lockdowns in response to a resurgence of COVID-19 infections.
To learn how the pandemic and its aftermath has changed private equity firms’ approach to mergers and acquisitions, due diligence and other decisions as well as how they’re preparing for a “new normal,” Crain’s New York Business turned to Anthony Tomaro, Leader of Grassi’s Consulting and Private Equity services, and other industry experts.
Read the full Q&A in the November 23, 2020 issue of Crain’s New York Business.