LP defaults have begun in Europe, and a look at common GP remedies; LPs are reporting high levels of satisfaction with the communication they’re getting from their investment managers; PEI launches CFOs & COOs Forum West.
LPs have reported frequent and broad communication from GPs, who are keeping fund investors updated on the status of portfolio companies, vulnerable spots and actions GPs are taking to defend investments.
Two European LPs have already defaulted on capital calls, and more are rumored, as LPs get hit with a one-two punch of large, often early capital calls and drying up distributions.
Covid-19 coverage in one place; Europe Forum dates changed; More NAV considerations; Paul Hastings guidance on LP defaults; FCA filing extension (and SEC); New Jersey flexes its allocation rules; Europe’s Forum date moved; King & Spalding’s covid-19 global regulatory update tracker
Although public market volatility doesn't have to weigh heavily on companies' December NAVs, GPs ignore it at their peril.
GPs should be aware of right of first refusal clauses and PTP issues when processing transfer requests from LPs brought about by the covid-19 crisis.
The pension plan fast-tracked adoption of an ‘allowable allocation’ of up to 15% to allow for flexibility in times of volatility.
How to mitigate the impact of covid-19 on portfolio companies; PE firms offer a helping hand with assistance funds and public donations.
The consulting firm has created an interactive diagnostic tool to help private equity-backed companies facing coronavirus-related risks.
We look at just some of the ways private equity firms are helping portfolio companies and wider society as the industry grapples with the coronavirus-led business slowdown.
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