Global private equity fund-raising of $989 billion was a decline from 2019's all-time record of $1.09 trillion, said a study. But it was still the third-highest total in history, and if you add in the $83 billion raised for SPACs, it was the second-highest.

According to the report "The Private Equity Market in 2020: Escape from the Abyss" by Bain, the industry ha