A two-tier market is forming as investors pay a premium for companies they expect to fare best in any coming downturn. Such a downturn is not here yet, however, with US mid-market company revenue outperforming the S&P 500 by 6 percentage points in 2018, and private equity mid-market dealflow up $57 billion on the year before.
How to prepare mid-market portfolios for a recession
LPs want to know mid-market GPs are picking and prepping businesses that will survive a recession
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