PE Hub Wire

Bain Capital collects ~$2bn for distressed fund, PE firms get ready to host summer internships remotely, Podcast: Finding the deal flow and fund term amendments

Investors focus on behavioral health in the wake of the pandemic.

Blackstone raises billions amid pandemic downturn, ILPA to recommend boosting disclosure of capital call credit line usage, A pension rejects a recommended commitment

Blackstone reports strong fundraising numbers even as the COVID-19 outbreak began to take hold and Senate Majority Leader Mitch McConnell recommends states file for bankruptcy rather than seek federal relief.

Life under coronavirus: how EQT's Eric Liu gets the job done, Capital One, HPS back TPG's $1.2bn deal for LifeStance, SEC settles with Monomoy Capital

Sycamore Partners wants to back out of a deal to buy Victoria's Secret and PE pros adapt to life amid a pandemic.

GPs seek fund amendments for ability to recycle proceeds to support portfolio companies, Morgan Stanley grows private lending platform, Century Park completes merger between Accelalpha and Prolog

GPs seek amendments to fund terms and Morgan Stanley Investment Management makes a significant hire for its private credit and equity platform.

Artemis wages war against coronavirus with Biodot acquisition, Advent, WindRose, Linden, Olympus support covid-19 relief efforts, SEC settles with Old Ironsides

Old Ironsides agrees to $1 million settlement with SEC and Advent International, WindRose Health Investors, Olympus Partners and Linden Capital Partners step up in the COVID-19 relief efforts.

Blackstone, TPG announce new deals as pandemic rages, Clayton Dubilier & Rice collects about $6bn for flagship, Ontario Teachers' warns some portfolio companies may not survive the downturn

CD&R raises about $6 billion for its eleventh fund and TPG agrees to acquire LifeStance Health.

The great LP liquidity debate: is the industry headed for mass defaults? Silver Lake heads for big fundraising haul, PE-backed cleaning companies prep for rampant build-out post-pandemic

Despite downturn, Silver Lake is expected to rack up at least $10 billion for its sixth fund and PE-backed cleaning companies are poised for post-pandemic expansion.

Inside Great Hill's and Charlesbank's investment in Wayfair, PE-backed businesses fear layoffs without access to government funds, Blackstone makes up to $2bn life sciences investment

PE-backed mid-market companies fear layoffs without government funds and Blackstone invests up to $2 billion in Alnylam.

Private equity to rethink due diligence after pandemic, How PE's focus on operations fared in downturn, Investcorp Technology Partners agrees to acquire Avira

How private equity will adjust to a post-COVID-19 world and Investcorp Technology Partners is buying Avira.

How working from home will change the way private equity interacts, CPPIB closes $1bn-plus portfolio sale in downturn, Pine Island seals first deal alongside Bain

CPPIB closes a $1.2 billion sale amid the COVID-19 pandemic and working from home could affect private equity long after the crisis fades.