Alex Lynn
A number of GPs are using flush balance sheets to seed their own distressed debt funds, according to firm head Michael Rees.
LPs are encouraging managers to discuss coronavirus over the phone as formal reporting has been limited by the speed at which the pandemic is escalating.
Drawdowns could enable managers to pre-empt liquidity issues arising from the pandemic but may compound the problem for certain LPs.
Sponsors are also pushing for longer due diligence windows to account for disruption caused by coronavirus and to better understand its impact, a law firm has said.
The private equity giant has said its business could be damaged by allegations of improper conduct or press speculation – whether valid or not.
Carlyle Group portfolio company Accolade Wines is understood to have had 'limited' impact to its vineyards amid the country's worst wildfires in more than a decade.
Sister publication PEI puts three questions to Fi Dinh, who led ING's first ESG-linked revolving credit facility, on fund terms, interest rate calculations and sustainability targets.
The bank provided a subscription credit facility for Singapore's Quadria Capital that pegs its interest rate to fund-level ESG performance.
ATP PEP will ask GPs to provide an IRR that has been adjusted to compensate for the use of subscription credit lines, says managing partner Torben Vangstrup.
Tim Janke, Blackstone's former Asia CFO, discusses the complexities of launching a fundraising platform targeting individual investors.