Managers

A massive calling of the credit facilities by banks would lead to GPs calling down huge amounts of capital from LPs, who are already dealing with cratering public equity portfolios. This would be a nightmare scenario.

The fund entered into its second co-investment vehicle with asset manager Neuberger Berman.

Are private asset classes better positioned to weather the crisis? Our senior editorial teams covering PE, private debt, infrastructure, real estate and secondaries provide insight.

MiddleGround, which launched in 2018, joins Leonard Green & Partners as another firm setting up assistance for portfolio company employees who are adversely affected by the coronavirus outbreak.

The fund will be for employees of Leonard Green portfolio companies adversely impacted by the outbreak of covid-19.

Prevailing wisdom is that funds in market or just coming out would have to add another three to six months on top of their fundraising schedules.

The fund's strategy will focus on acquiring IP products in film, television, music and video games.

First-time fund managers are set to have an even tougher time on the fundraising trail amid the pandemic, but there could be opportunities for those raising capital on a deal-by-deal basis.

Rubicon Technology Partners launched fundraising last fall, so if it officially closes soon, it will have raised the pool in under a year.

Drawdowns could enable managers to pre-empt liquidity issues arising from the pandemic but may compound the problem for certain LPs.