Over the previous yr or so, we have all change into accustomed to a complete host of phrases we knew nothing about firstly of 2020. ‘Lockdown’, ‘price of transmission’ and ‘social distancing’ all entered our collective vocabularies. On the similar time, we needed to get used to new methods of working and doing enterprise.
Adjusting to new methods of working is as true for personal fairness (PE) as it’s for every other sphere of enterprise. Initially, it regarded just like the financial devastation wrought by Covid-19 would hit African PE exercise significantly arduous.
Within the first half of 2020, the worth of personal fairness offers on the continent was on tempo for a 63% drop in contrast with 2019. The ultimate determine might have been even worse, underlining how disruptive the pandemic has been.
Even because the mass rollout of vaccines across the globe brings a glimmer of hope that life might return to some semblance of regular, it is doubtless that the situations of 2020 will likely be with us for a while to come back. It is due to this fact crucial that personal fairness corporations, their traders, and the corporations they fund use the teachings of 2020 to tell their strategy going ahead.