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A division of Wells Fargo has agreed to sell its Global Alternative Investments feeder fund platform to iCapital Network. The bank is also making a 'strategic investment' into iCapital.
Technology and legal experts explain how the crisis is changing attitudes toward tech solutions and protocols, and what this means for private equity.
Covid-19 could spark a fresh wave of outsourcing that sees little but fundraising and investment left in house.
From accelerated tech adoption to an upswing in outsourcing, here are the fund administration themes making a mark in 2020.
Illustration of figures pushing shapes across a fiel
The crisis is presenting a variety of challenges for private equity, but fund administrators are quickly pivoting to the new business as usual.
Conversations have started up on possible deals over the next few weeks and months as the lockdown eases.
Firms including Apollo Global Management and KKR are facing potential clawback issues due to covid-19-induced writedowns. What are the implications for GPs and LPs when it comes to sponsors having to pay back carry?
Market dislocation arising from covid-19
The investment giant categorised about 30% of its $80.4bn PE portfolio as highly impacted by the coronavirus pandemic, which drove most of the quarter’s depreciation.
Access to incremental debt capital can support follow-on investments in existing portfolio companies to preserve or enhance fund NAV, writes David Philipp of Crestline Investors.
The private equity industry is likely to see an increasing number of defaults over the coming months as the covid-19 crisis hits LPs. Lawyer Ed Hall lays out the next steps for GPs in this extract from The LPA Anatomised.
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