Lexology February 16, 2021
PERSPECTIVES ON 2020 AND WHAT TO EXPECT IN 2021
We asked our Practice Leaders in Financial Markets, M&A, Private Equity, and Real Estate to discuss the themes of 2020—particularly the impact of the COVID-19 pandemic—and what to expect in 2021.
What Defined the Market in 2020?
Financial Markets
The debt financing markets defied gravity in 2020. While equity markets were crashing at the onset of the pandemic and many investors sought out safety in the U.S. Treasury markets, access to debt capital did not shut down. A combination of the availability of money at low interest rates and government support of the capital markets prevented a meltdown in the debt markets. Certainly M&A-related financing paused until the fall, but companies piled...
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