The US mid-market is booming.
Funds between $1 billion and $5 billion accounted for more than 50 percent of the capital raised in the first three quarters of 2018, and investment activity in the mid-market accounted for almost 70 percent of deals by value in the first half – the highest proportion in more than a decade.
This is despite two major policy changes in Washington: the tax reform bill and tariffs on Chinese imports. While certainly talking points among both the US financial community and the broader population, they have yet to make their impact felt on portfolios in a significant way.
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