By Bryan Turner, Partner, SPEAR Capital

Amidst the general chaos of 2020, investors were hit hard. With economies around the world all but shutting down in March, activity ground to a halt. But as people found ways to work around the restrictions of the pandemic, businesses were able to resume operations and most asset classes began to pick up again, recover, and in some cases thrive.

Private equity (PE) activity, in particular, recovered quickly. Fuele...