Masters in Business · Wednesday, August 12, 2026
Filippo Gori attributes the resilience of deal-making, including IPOs and M&A, to a perception of stable financing costs and boards' readiness to make strategic decisions. He notes that the rise of private capital since the GFC has created a need for more diverse solutions, prompting JP Morgan to launch its own private credit initiative. Gori also observes a long-term trend of decreasing public companies since the 1980s, emphasizing the value of public markets.
“I think there is a variety of different things. For a certain extent, there was a little bit of a pipeline that have built over the years that needed to find.”
“It's it's a little bit of both. So private capital as plays definitely a rule in the everyday economy in the sense of after the GFC, for traditional banks, a certain sector in certain cases became harder to deploye capital and therefore to a certain extent, there is a group of clients that are right to be the beneficiary of the private credit because simplicity of solution, the unit trunche and so on and so forth.”
“It's a trend that that's been going on since the nineteen eighties. The number of public companies in the US or around the world has reduced substantially since then.”