Coronavirus

As liquidity issues mount in emerging markets as a result of the coronavirus pandemic, private capital needs to finally start making its mark, says Walid Cherif of BluePeak Private Capital.

Covid-19 and the fallout from a global economic downturn are set to weigh heavily on LPs’ and GPs’ minds in 2020.

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.