M&A activity in the private capital industry remained relatively stable in 2020, despite an initial setback at the onset of the COVID-19 pandemic. Since then, deal activity in the sector enjoyed a solid rebound.
Private equity remained the most established and largest component of the industry. Private credit funds increased their share of the lending market. Significant capital was deployed toward energy and infrastructure investments. Pension funds, sovereign wealth funds, and family offices continued to develop direct investing activities in addition to their traditional fund of fund investments and co-investments.
Hogan Lovells activities
In 2020, we launched our Private Capital Lifecycle, an interactive tool for clients, which brings together our insight and experience supporting private capital investors, and their portfolio companies, through every stage of the investment lifecycle.
We also hosted our fourth annual Sovereign Investor Conference which, this year, took the format of a three-part webinar series focusing on how institutional investors have been managing the myriad challenges presented by the pandemic.