Coronavirus

In the second of our series, we asked three market professionals for their thoughts as coronavirus begins to make its impact felt in the private debt market.

The covid-19 pandemic represents the first real test of the framework in the private sector. Here’s why.

Two European LPs have already defaulted on capital calls, and more are rumored, as LPs get hit with a one-two punch of large, often early capital calls and drying up distributions.

Firms will have to change their approach to fundraising and portfolio company monitoring until the coronavirus outbreak recedes.

Nairobi-based EquaLife Group is seeking $20m for a permanent capital vehicle aimed to help businesses affected by the crisis.

Despite the virus outbreak, banks and debt funds in Germany anticipate strong new business opportunities in 2020.

Temporary protections will aim to curb rising bankruptcies of individuals and businesses that have been hit by coronavirus disruption.

The closing comes as secondary prices fall to levels last seen in the  global financial crisis.

The firm plans to introduce its first real estate debt offering after rebranding its property business this month.

Debt funds and their portfolio companies have grown used to tapping cheap debt facilities, but underperformance amid the covid-19 crisis may see access to finance restricted.