Graham Bippart

The industry organization is circulating a draft proposal recommending a host of disclosures on GPs’ use of subscription credit lines, with an eye to helping LPs manage exposure to the lines, allocation to PE and overall liquidity.

ILPA outlines how LPs can estimate their subscription credit line liability in a draft set of recommendations on disclosures reviewed by Private Funds CFO.

Some GPs are looking to get recycling clauses to support portfolio companies, some recycling clauses already allow for that, some appear not to; SEC looks to clean up rule on fund valuations.

Important info for funds with a backlog of sellers of LP interests; The profundity of the oil crash is causing some GPs to think about a different future

A look at what’s happening in preferred equity, concentrated NAV and (not) happening in diversified NAV; Davis Polk takes a look at other sources of liquidity.

Concentrated NAV lenders and preferred equity financers are seeing historic dealflow. But only a handful of alternative lenders exist, and banks active in concentrated NAV are scarce and rarely transact. With potentially thousands of funds looking for liquidity for their portfolio companies, will this rare source of fund liquidity be able to sate demand?

Firms like Whitehorse and 17Capital have been seeing a big boost in dealflow since the covid-19 crisis began.

BlackRock’s Fink gives a shoutout to ESG; PEI survey, focus on GP-led possibilities; PPP is fully tapped.

CFOs and their teams are generally known as cost-cutters in tough times. Turns out, there are some finance departments out there expanding their teams, even in the midst of the crisis.

Bad funds could be a thing, too.