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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.
The advisory firm is working on solutions for LPs that may not have sufficient liquidity to meet a capital call, partner Peter Martenson said.
While there have been fewer meetings, and they are on Zoom, there are meetings, and they have been productive towards advancing raises forward.
It’s a critical time to have a hands on ownership structure for your portfolio companies, says Erie Street’s new CFO Matt Hallgren.
Pros and cons of seeking a fundraising extension; Proskauer takes a look at the factors that determine and affect clawback.
In light of the pandemic, private fund managers should analyze their portfolios for potential clawback obligations and plan how to mitigate them if they arise.

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