Coronavirus

Edison Partners invests in the growing legal tech sector, Hamilton Lane collects $1.7bn for fifth secondary fund, York Capital closes Fund III on $800m

A new survey reveals that many tech companies haven’t been hit too hard by the COVID-19 downturn and Edison Partners backs legal tech.

KKR-backed Envision mulls bankruptcy: Bloomberg

Envision Healthcare Corp, which is backed by KKR, is considering filing for bankruptcy after the COVID-19 pandemic halted elective surgeries, reported Bloomberg.

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.

Open for biz: TPG, Blackstone make big bets amid crisis

Despite crisis, firms are still making big deals.

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.