Daily

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.

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.

Insight into Whitehorse’s rise; interview with Evercore’s GP stakes king Saul Goodman; JP Morgan brings us an article on the demand for tech solutions; new data on commitment expectations for GPs and LPs.

LPs are going to want estimations of portfolio NAVs sooner rather than later, a recent survey found.

As many as 5m US jobs could be at risk if private equity-backed businesses remain excluded from the Payment Protection Program.