Coronavirus

Fundraisings that began before the pandemic face the challenge of negotiating different terms between new and existing investors.

Public company quotes 'aren’t a great comp' because 'the chaos that the pandemic has caused' means their valuations aren’t connected to the company’s fundamentals either

Bankers discuss what the future of subscription credit could look like, should the current supply/demand dynamics continue while demand increases.

The private funds industry is at a 'crossroads' when it comes to investor transparency, PEF Services' CEO said in a recent webinar. She gave tips on how to get ahead of investors’ expectations on transparency and regain their shaken trust in private markets.

PEI's latest study examines how fund managers' thinking has evolved regarding fundraising, investment activity, state support and more in this downloadable presentation.

Our senior editors discuss the findings of our latest surveys looking at how private equity investors and their managers are doing business during the covid-19 crisis.

Was the supply/demand imbalance some insist exists now a pre-existing condition? And what does the future look like for the sub line market?

It’s gotten harder to find a syndicate for new, large transactions. And some banks are trying to sell down existing pre-covid exposures, in some cases to make room for new loans at new, higher prices.

Even some blue-chip sponsors have been rejected by relationship lenders. This has forced them to branch out, sometimes only to be rebuffed by banks dealing with their own limits on their ability – and appetite – to lend.

NAV covenants and capital call minimums are increasingly being used in subscription credit line deal documents, say market participants. Even recourse to assets may be on the table.