The US Federal budget deficit is projected to hit a record $3.3 trillion as huge government expenditures to fight the coronavirus and to prop up the economy have added more than $2 trillion to the federal ledger.

Japan, the world's 3rd largest economy shrank at annual rate of 27.8% in April-June 2020, the worst contraction on record since World War II. 

The UK is now officially in recession with its GDP falling to 2.2% between January and March 2020, and by 20.4% between April and June 2020. Time to strike on distressed assets?

The International Monetary Fund estimates the world's economy will shrink by 4.9% this year, making it the worst recession since the Great Depression of the 1930s. 

The European Central Bank agreed to a €1.25 trillion bailout of European banks;

The European Union agreed to a €750 billion bailout package for European states and corporations;

JP Morgan set aside nearly $11 billion for possible loan losses, reducing its profit by half;

Citigroup's net income was 73% lower than last year's because the bank set aside $7.9 billion to cover bad loans;

Wells Fargo reported a quarterly loss, its first since the financial crisis, as it put away nearly $10 billion for a wave of defaults;

With nearly $1 trillion of loss in equities amid the pandemic, Sovereign Funds and large institutional investors are hunting for the lowest valuations equities in foreign markets while increasing allocations in home markets to help their respective governments;

Private equity and Venture Capital started 2020 with more cash on hand than ever, with a record high dry powder rising to nearly $1.5 trillion as of June 30.

The surge of direct investments by High-net-worth families defies the odds. With over $10 trillion in assets, single and multi family offices are unprecedentedly active in deals once reserved to funds and institutionals.  

Overall, there is NO shortage of Capital; Investors want to be protected and take the minimum risks possible; Limited Partners push for Term Sheets with higher  investor protections and allocations into opportunities that can pass remote due diligence.