Private equity turns to fund restructurings in COVID-19 slowdown

General partner-led fund restructurings accounted for the majority of private equity secondaries volume in 2020 as managers sought liquidity in a flat exit market

Private equity (PE) fund general partners (GPs) faced a challenging year for returning cash to their investors, leading many to turn to GP-led fund restructurings to create liquidity for investors as fund lives expire.

Filed under:
USA, Capital Markets, Corporate Finance/M&A, Insolvency & Restructuring, White & Case, Private equity, Coronavirus
Authors:
Nicola Chapman , Martin Forbes , Colin Harley , Sherri Snelson
Location:
USA
Firm:
White & Case