COVID-19 Escalation Renders GP Reporting ‘Out of Date Almost Immediately'

Formal reporting has been limited due to how quickly the pandemic has escalated and LPs are asking managers to discuss the effects of COVID-19 over the phone. Given the rapid pace of change, according to Duff & Phelps’ recent webinar, those wishing to value their fund interests amid the crisis should start by calling their manager and asking for guidance on discounts. In one case, a large fund issued something that was detailed out of date almost immediately. 

The full impact of COVID-19 on portfolio companies will be unclear for some time and may continue to hinder the economy.

Read the full article published in Private Equity International.