Private Market Environment, Third Quarter 2020

by Pathway Research

The complete report, which was published in November 2020, is available at https://pathwaycapital.com/wp-content/uploads/2020/11/Pathway-3Q20-Private-Market-Environment.pdf

Excerpt:

Following a period of limited activity as managers sought to gain more clarity regarding the impacts of the COVID-19 pandemic, investment activity ramped up during the quarter. Aggregate infrastructure deal value totaled $7.9 billion, an increase of 69 percent from the second quarter. At the forefront of deal activity was OMERS’ acquisition of nearly 20 percent of TransGrid, an operator of an electricity transmission network, from Kuwait Investment Authority for $1.4 billion. Another notable deal during the quarter was the CPV Three Rovers Energy Center, a planned 1,250-megawatt natural gas-fueled combined-cycle electric generation facility, which received $1.3 billion