Fund financing and LP liquidity issues – is it fake news?
15 May 2020
During our latest Hong Kong webinar with Allen & Overy, we challenged recent media headlines on LP defaults, and discussed the impact of COVID-19 on fund financing and the Asia Pacific PE market.
We polled our 150 attendees from across Asia-Pacific - over 90% said they have not yet seen any LP defaults and, of those, around half do not expect to see any; although the other half anticipates some in the next six months. While not quite fake news, it would seem from this that the impact of COVID-19 on LP defaults in fund financing has yet to materialise.