Fund Finance

Because of the greater sophistication necessary for private equity investing, what’s not likely any time soon is that individual investors will be able to directly invest in a private equity fund as a standalone product.

A relatively new form of financing faces its moment of truth. As banks retreat from lending amid unprecedented economic chaos, a handful of ‘concentrated NAV lenders’ may be seeing a new phase in the evolution of their young market.

Actis CFO Susan Wilkins speaks with reporter Connor Hussey; secondaries beginning to thaw?

Two lawyers weigh in on facing the double-barreled challenge of covid-19; first preview of an upcoming guide to GP-led liquidity solutions from Proskauer.

CARES act has some significant benefits for PE; eFront study says NAVs to hold up in a downturn.

Most private equity portfolio companies were ineligible for PPP loans under the CARES Act, but they can still save under its tax provisions, says EisnerAmper.

The advisory firm is working on solutions for LPs that may not have sufficient liquidity to meet a capital call, partner Peter Martenson said.

For those seeking liquidity via NAV facilities, implementation may be delayed, say lawyers from Debevoise & Plimpton.

While there have been fewer meetings, and they are on Zoom, there are meetings, and they have been productive towards advancing raises forward.

LPs will consider the amount of capital raised and deployed, and whether any investments are already underwater when granting GPs more time to raise funds during the coronavirus crisis.