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Clawbacks
Provisions that mitigate clawback risk are becoming a more important part of the LP-GP conversation, says Tim Eberle, managing director and head of waterfall services at the Citco group of companies (Citco)
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.
On the firm’s Q1 earnings call Friday, executives stressed it is looking to capitalize on distressed opportunities, and the March 31 marks are only a snapshot in time.