The PE market fell last year, but this fund sees a positive outlook for 2021 [In-Depth]

The private equity market declined last year, although it remained strong despite the pandemic. The management of Partners Group Private Equity Master Fund has a positive outlook for PE in 2021.

Q4 2020 hedge fund letters, conferences and more

Update on the PE market

According to Preqin, aggregate global private equity buyout activity fell 6.9% year over year to $437.6 billion last year. The number of deals declined 4.3% to 5,651. However, large-cap and upper mid-cap investments with a transaction value greater than $1 billion still dominated the buyout activity, accounting for 62.6% of the deal value from last year.