Coronavirus

Deal syndication: A crisis-era powder keg

Widespread deal syndication could give rise to unanticipated problems amid the coronavirus crisis.

Coronavirus crisis puts GP-led options on the table – survey

One in 10 general partners plan to seek secondaries processes due to the covid-19 pandemic, a survey by sister publication PEI has found.

Coronavirus and the secondaries market: the story so far

While the covid-19 story has a long way to run, several important themes have started to emerge.

PODCAST: LP defaults, force majeure and over-collateralisation amid covid-19

Our senior editorial teams covering PE, private debt, infrastructure, real estate and secondaries discuss the latest in how private markets are responding to the coronavirus pandemic. Plus: ways firms are helping people out in the crisis.

Investor liquidity: reading the runes

We caused a stir with reports of unnamed LP defaults last week; was it a storm in a teacup?

Could PTP scupper secondaries sales when the covid-19 dust settles?

An overhang of LPs wanting to sell stakes in funds could delay transfers in order to conform with publicly traded partnership rules.

The concept of a ‘bad fund’ could be coming to PE

GP-led processes were used to isolate top performing assets during the bull market, so why not the opposite now?

LP defaults are ‘already happening’ in private equity

Two European LPs have already defaulted on capital calls, and more are rumoured, creating a potential pool of early secondaries opportunities.

Market will take nine months to return to normal – survey

Buyers’ own rates of deployment will decrease by nearly 30% over the next two months, according to Setter Capital.