Private equity firms face an uphill battle to convert new LP relationships into committed capital this year, as the coronavirus crisis skews limited partner attention towards re-ups and existing relationships, new research suggests.
US private equity giant Blackstone has slashed its previously agreed buyout offer for Dutch bank NIBC by about 25% due to the coronavirus crisis.
More than 90% of private equity fund managers are predicting a rise in the volume of distressed dealmaking over the next 12 months amid the fallout from the coronavirus crisis - but it may not
A new coronavirus economic recovery fund targeting South Africa has been launched by Ninety One, which has just demerged from Investec Bank, and Ethos Private Equity.
The private equity arm of activist investor Elliott Management Corp has teamed with Siris Capital to help existing portfolio business Travelport Worldwide weather the coronavirus crisis with up to $1bn of new financing.
Sycamore Partners is reportedly in talks to buy US department store chain JC Penney out of bankruptcy, just a month after backing out of an agreed buyout of troubled fellow retailer Victoria's Secret.
