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Month: April 2020

Buyout groups use ‘war rooms’ to help portfolio companies navigate coronavirus disruption

Pandemic leads buyout firms to foster collaboration among the small and mid-size companies they own

New firm loses debut deal to Covid-19 disruption but is still upbeat

Nico Taverna, who left Schroder Adveq in September 2019, partnered with former LGT Capital Partners executive director Gregor Hasler and launched Mill Reef in October

Buyout valuations face steep discounts amid coronavirus outbreak

The global pandemic is already causing sharp falls in prices and more bankruptcies, but the true impact on private markets will not be known for months

Filling the Sponsor PIPE-line

Posted by Daniel E. Wolf, Kirkland & Ellis LLP, on Sunday, April 5, 2020 Editor's Note: Daniel E. Wolf is a partner at Kirkland & Ellis LLP. This post is based on his Kirkland &

KKR backs former Leadenhall Capital deputy CIO’s new business with $500m investment

Kilter Finance, founded by Dan Knipe, will provide flexible financing solutions to the financial services sector

Property of the Week: A subterranean house in Notting Hill for £5.9m

There’s an indoor pool on a lower level in this west London residence

Insight Partners raises $9.5bn to invest in software businesses

Despite coronavirus uncertainty, technology investor Insight Partners closes its largest fund yet

Altamar Capital: From a garage in Madrid to global player

José Luis Molina says the firm's portfolio will be affected by coronavirus, but he has already started eyeing opportunities

Russian SWF behind coronavirus aid shipment is on US lending blacklist

The state-owned Russian Direct Investment Fund said it paid half the cost of the medical supplies delivered by the Kremlin

New Partners Group fund to aid portfolio company employees hit by coronavirus crisis

The Swiss firm’s co-chief executives and directors will forgo salaries to build the support fund

CVC closes fifth Asia Pacific fund at $4.5bn

CVC Capital Partners Asia Pacific V exceeded its target of $4bn and has surpassed its predecessor

Private equity funds face 10% hit to returns from Covid-19 – study

Simulations for 2020 and 2021 also forecast liquidity stress in the industry

BVCA appoints Silverfleet’s MacDougall as new chair

He will be taking over from Cheryl Potter, who retired from Permira at the end of last year

Bridgepoint takes stake in French wealth manager eyeing sector consolidation

Bridgepoint will have a 28% stake in Cyrus Conseil

Private equity steps up push to unlock coronavirus stimulus in the US

Lobbying groups press the Small Business Administration for changes to open access to stimulus funds

SoftBank abandons $3bn WeWork rescue deal

Japanese tech giant cited a list of five conditions that were not met by WeWork as the reasons for its withdrawal

Distressed debt investor Howard Marks is realistic about the world post coronavirus

Government bailouts for non-bank lenders and funds that supplied leveraged securitisations are unlikely in the current climate

Private impact investing likely to outperform public markets in crisis, proponents say

The $500bn global impact market is already outperforming in the public markets and is set to continue during the pandemic crisis

Blackstone’s UK arm fails to improve gender pay gap in 2019

Blackstone has published its UK gender pay gap data despite the government’s 24 March announcement that it will not enforce pay-gap reporting this year

L Catterton sells natural pet food brand Lily’s Kitchen to Nestlé Purina

Lily’s Kitchen will continue to be run as a stand-alone business

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