Coronavirus

David Larsen, a managing director at Duff & Phelps, says investors should seek guidance from their GPs as to likely discounts.

Limited partners who have piled into the asset class in recent years could be left severely overweighted in private equity unless public markets see a significant recovery.

“It might not be because of the coronavirus directly, but certainly because of all that’s being done to prevent or slow the spread of it”.

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.

The coronavirus pandemic is one of multiple threats to manager-initiated deals, which accounted for around one-third of total secondaries market volume last year.

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

Eight things private equity managers and their portfolio companies should do to limit impact from the coronavirus, according to the Netherlands' Achmea Investment Management.

The firm ended last year with €533m in cash, no structural debt and €3.8bn in dry powder.

The industry learned some valuable lessons from the GFC, but this crisis will be different.

How coronavirus is hitting private markets across the world. Here’s today's brief, for our valued subscribers only.