Post-COVID private equity: Thriving in a bifurcated world of opportunity

Post-COVID private equity podcast series

What good is dry powder if it’s never fired?

Episode #1: A global perspective with Robert Olsen (speaker) and Greg Jarrett (interviewer)

We see significant opportunity for private equity because of all the dry powder they have accumulated, plus all the stressed and distressed funds that have been raised—all of which will be ready to pounce. We further expect great M&A activity coming out of COVID as it will be necessary for many companies to find liquidity options if they don't have a robust business going forward or in a sector that remains in favor.

– Robert Olsen, Global Financial Advisory Deloitte Private Leader

Episode #2: An Asia Pacific perspective with Dwight Hooper (speaker) and Greg Jarrett (interviewer)

I had a Private Equity client say to me the other day that they wouldn't consider buying a company again that was not on the cloud and able to operate virtually in case something like this happens again in the future, or at the very least, price putting that technology in place into the valuation of the deal.

– Dwight Hooper, Lead Partner, Private Equity, Deloitte Asia Pacific

Episode #3: An Australian perspective with Aaron Black (speaker) and Greg Jarrett (interviewer)

In a post-COVID world with an expectation of a very long period of low-interest rates, we expect limited partners to not be requiring quite as high returns. That means that whilst we do think that private equity returns might come down as a whole, we certainly think that they'll continue to remain very attractive compared to other asset classes. Certainly, the equity markets have had a very strong rally from their March lows, but expectations moving forward is that private equity can continue to outperform as an asset class.

– Aaron Black, Head of Private Equity, Australia

Episode #4: A UK perspective with Richard Parsons (speaker) and Greg Jarrett (interviewer)

The big difference between this year and 2009 was that during 2009, both the market paused in terms of taking businesses to market, but also private equity took their foot off the gas in terms of their appetite to invest. And a number of them spent 12-18 months without having done a transaction. Now, if you're a private equity fund and you're investing a five plus five fund, you need to keep deploying capital.

– Richard Parsons, Head of Private Equity Coverage, UK