michael metalfe from state street stays with us.private equity grows in europe, we head to the biggest industry event. we are live in berlin next. this is bloomberg. ♪ nejra: this is "bloomberg daybreak: europe." i'm nejra cehic with manus cranny in dubai. record $4.1 trillion last summer and while the majority of that comes from u.s. investors, europe's industry has been growing as more investors look to private equity for better returns. the firm spent around $450 billion in deals last year. attentive berlin for the super return private equity event in berlin. matt miller is there with a guest. great to see you. great to be here, probably the biggest private equity convergence on the global at super return. i'm with a managing partner at partners. a concentration on businesses here in europe and especially in the southern part of europe. tragedy of the coronavirus has approached these shores right near where you are investing. i'm wondering what impact you are seeing on the businesses you own. restaurant businesses, dental busines