Rusty Wiley, chief executive of data-room due-diligence platform Datasite, has the kind of focus on statistics and indicators that you might expect, but one datapoint is occupying his mind more than usual.
The percentage of projects being carried out on his platform that are distressed situations is, in normal times, something like 7%. When he looked it up on Friday morning, just before taking Euromoney’s call, it stood at 18%.
“That could very easily get into the high 20s later this year,” he says.
It is a conservative estimate, too, because it is self-reported.
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