An April 27 article by The Boston Globe titled “Investors are making tough decisions on startups” reports that for companies backed by venture capital and private equity, the COVID-19 pandemic has proven to be a particularly tough time to raise capital — even as many firms need a quick infusion of funds more than ever. The article includes comments from asset management partner and private equity industry group co-head John Ayer, who highlights the challenges investors are facing as they assess the capital needs of their portfolio companies.
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