FDD during an economic downturn?

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I was in FDD in 2001 and 2008/2009. It was slow for a while, but then rebounded very, very well.

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If I recall in 2001 they let a few underperformers go, but it was not mass layoffs in FDD. In 2008/2009 I don’t believe they did either, but I think they did slow hiring for a while.

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There is a lot of money in the pipeline and assets just became a lot cheaper...

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Interested to see how it turns out considering we had a team call saying it might slow down deal activity in the coming weeks

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I meant slow due to coronavirus not an economic turndown. Lots of money available

People more informed than me are saying likely a temporary pause while macro situation settles and credit markets stabilize. End of the day, GPs are still sitting on massive stockpiles of dry powder to put to work and if anything there are going to be companies looking for a lifeline

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