PitchBook note: Covid-19, the 'Sell Everything' trade & their impact on private markets

As has been evident for weeks, the global pandemic and resulting economic environment will test virtually every branch of global government and business. We've experienced a set of capital market events that harken to prior crises—and reminiscent responses from central banks. While the recent—and what we expect to be ongoing—market turbulence has plunged equity prices across all sectors, we think that many large-cap businesses are standing on solid footing to withstand some sort of economic shock. As we look across our client base that is primarily composed of private equity and venture ...