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PE Firms at Risk

By Alexandra Garfinkle

It’s no secret that some industries have been hit hardest by Covid-19, among them the retail and leisure space. Accordingly, BoardEx has analyzed the private equity firms that have the most exposure to the pandemic and hence are perhaps among the more likely to suffer significant losses.

Looking at the PEI 300, BoardEx has narrowed it down to the 11 firms with the highest percentage of their portfolios at risk. Those firms are, in descending order, KSL Capital Partners LLC, Sycamore Partners LLC, Brentwood Associates Inc., Roark Capital Group, L Catterton, TDR Capital LLP, Perella Weinberg Partners LP, Webster Equity Partners LLC, MBK Partners Ltd., TSG Consumer Partners LLC, and Exponent Private Equity LLP.

Most of these firms are focused on consumer-facing investments. For example, 87% of Denver-based KSL’s portfolio, according to BoardEx, is exposed to Covid-19, as the firm’s mandate is to focus on travel and leisure sector investments. Likewise, Roark — a restaurant-centric firm that owns, among other dining chains, Arby’s and Auntie Anne’s — will see its portfolio TK% exposed to the pandemic, per BoardEx analysis.

 

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Data analysis completed by Alex Architektonidis, follow him on LinkedIn.