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Businesses with up to 15,000 employees are now eligible to apply to the Main Street Lending Program.
Two lawyers weigh in on facing the double-barreled challenge of covid-19; first preview of an upcoming guide to GP-led liquidity solutions from Proskauer.
CARES act has some significant benefits for PE; eFront study says NAVs to hold up in a downturn.
Net asset value (NAV) value of an entity's assets minus the value of its liabilities concept, cube wooden block with alphabet combine the word NAV on black chalkboard background
GPs' abilities to react faster and PE funds’ strong governance framework are key reasons for the stability of the asset class during market volatility, according to eFront.
Most private equity portfolio companies were ineligible for PPP loans under the CARES Act, but they can still save under its tax provisions, says EisnerAmper.
New disclosure regime didn’t come soon enough for the EU. It is also familiar territory for US managers; On adding back potential profits from a parallel timeline.
As an example of the practice surfaces, an industry body is warning other companies not to use the covid-19 outbreak as an excuse to try and raise additional finance through flexible documentation.
Currency volatility led to a spike in inquiries about FX hedging at one provider; Musings about deal-contingent hedges.
Investec bankers say they’ve seen a significant rise in FX inquiries from non-traditional users of hedges as the pandemic roils markets, as well as from credit funds feeling the stress of currency movements.
Managers and compliance professionals need to be identifying mission critical systems, constantly engaging with IT, implementing regular training and maintaining heightened levels of communication.
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