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 In one case, a large fund issued something that was detailed out of date almost immediately.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.
