‘Consumer Facing’ May Face Less Pressure Than Business Services

 “Companies that have [been] and are impacted by inflation or supply chain constraints may have issues. But in terms of companies that are in the services business, they may do well,” said Brian Garfield, a managing director at Lincoln Financial. “What I think is occurring is that businesses that are consumer facing are going to see the pressures probably hit, more so than ones that are not as consumer facing, like business services and software.”

Lincoln’s Private Market Index, which tracks changes in the enterprise value of U.S. privately held companies, primarily those owned by PE firms, rose 1.7% in the first quarter, “signaling that private markets continue to provide investors more stability during times of volatility,” the company said in a press release. “This stability was primarily a function of steady earnings growth rather than multiple performance.”