Footnotes

Unlocking The Cage

(1) WYLIE FERNYHOUGH Senior Analyst. “PitchBook Analyst Note: 2020 Private Equity Outlook: H1 Follow-Up”, Pitchbook, July 2020

(2) “Private equity deals insights: Mid-year 2020” PWC, https://www.pwc.com/us/en/industries/private-equity/library/quarterly-deals-insights.html

(3) “Distressed Private Capital Dry Powder Reaches a Record High”, Preqin, July 2020

Ghemawat, Pankaj. Redefining Global Strategy – Crossing Borders in a World Where Differences Still Matter. Harvard Business School Press, 2000.

Retail Challenges and Lockdowns

Coresight Research. “U.S. Retailers Teeter on the Brink.”

U.S. Chamber of Commerce. “Experts Unpack the Massive Cross-Industry Impact of the Coronavirus, From Retail to Hospitality.”

U.S. Census Bureau. “Advance Monthly Sales for Retail and Food Services- April 2020” (amounts are seasonally adjusted)

U.S. Census Bureau. “Advance Monthly Sales for Retail and Food Services – May 2020” (amounts are seasonally adjusted)

https://fred.stlouisfed.org/series/UMCSENT

The United States federal government shut down from October 1, 2013 through October 17, 2013.

Federal Reserve Bank of St. Louis. “Personal Consumption Expenditures.”

IBIS World – Retail’s Reopening, May 28, 2020

IBIS World – Retail’s Reopening, May 28, 2020

Cambridge Retail Advisors, “COVID-19 Impact Study – Retail and Restaurant Market Analysis May 2020”

Negative Economic Effects of COVID-19 Results in Lower Valuations

“Gross Domestic Product, 2nd Quarter 2020 (Advance Estimate) and Annual Update,” U.S. Bureau of Economic Analysis, July 30, 2020.

Smialek, Jeanna. “Fed Warns of ‘Extraordinarily Uncertain Path to Recovery’,” The New York Times, June 12, 2020.

“Gross Domestic Product, 2nd Quarter 2020 (Advance Estimate) and Annual Update,” U.S. Bureau of Economic Analysis, July 30, 2020.

Casselman, Ben. “A Collapse that Wiped Out 5 Years of Growth, with No Bounce in Sight,” The New York Times, July 30, 2020.

Casselman, Ben. “A Collapse that Wiped Out 5 Years of Growth, with No Bounce in Sight,” The New York Times, July 30, 2020.

Schwartz, Matthew and Tamara Keith. “In Executive Actions, Trump Extends Some Unemployment Benefits, Defers Payroll Taxes,” National Public Radio, August 8, 2020.

“The Conference Board Consumer Confidence Index Decreased in July,” The Conference Board, July 28, 2020.

Lubik, Thomas A. and Sonya Ravindranath Waddell. “COVID-19 and the U.S. Economy,” Federal Reserve Bank of Richmond, March 31, 2020.

“US Private Equity Activity Slows in Q2 2020 As Global Economies Struggle Through COVID-19 Pandemic,” PitchBook, July 10, 2020.

https://www.nytimes.com/2020/07/27/us/lamborghini-ppp-covid-19.html

https://www.justice.gov/usao-edmi/pr/detroit-resident-charged-covid-19-wire-fraud-scheme

https://smallbiztrends.com/2020/08/ppp-fraud.html

https://www.latimes.com/politics/story/2020-07-23/feds-begin-prosecuting-fraudulent-ppp-coronavirus-loans-some-cases-will-be-hard-to-win

https://www.acfe.com/press-release.aspx?id=4295010491