The two UK-focused funds could potentially raise nearly £3bn if hard-caps are met.
Lawyers from Paul Weiss pinpoint the areas of a private equity firm operations that may need to be adjusted to account for the coronavirus outbreak, including fund documentation, valuation and banking relationships.
We celebrate the managers, institutional investors and advisory firms considered by their peers to have been the standard bearers of the private infrastructure asset class.
The global epidemic has wiped at least $1.5trn off global stock markets in the past week.
Sumitomo Mitsui Asset Management will act as the ‘gatekeeper’ to conduct due diligence on the fund of funds manager.
The new entity will be headed by Shivanand Nimbargi and PJ Nayak to develop wind and solar projects across the region.
Contractual rigidity, value-for-money questions and bad risk allocation all threaten to sink the model. Major intervention will be needed to bring it back to health.
Tim Briggs, a partner in Herbert Smith Freehills’ competition, trade and regulation practice, on why the UK’s regulatory framework has been so successful, its greenfield potential and how it could all fall apart.
The firm is set to close a deal to move one asset from its $7bn 2012-vintage Tactical Opportunities Fund into a continuation vehicle.
Drawdowns could enable managers to pre-empt liquidity issues arising from the pandemic but may compound the problem for certain LPs.