Record Sum of Dry Powder Ready for Pandemic-Hit Firms, ICG Says
- Expensive funding available for Europe’s worst-hit companies
- Businesses long-term viability at issue for capital providers
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Cash-rich private debt and equity providers are hunting for viable pandemic-hit businesses to fund, according to London-listed alternative asset manager Intermediate Capital Group PLC.
“If a business has a shortfall purely due to Covid-19, there is plenty of capital to support them,” said Nicholas Brooks, ICG’s head of economic and investment research in a telephone interview.