Fundraising in the wake of COVID-19

Since COVID-19 first began to disrupt the financial markets in February, private fund managers of all stripes, including private equity, hedge, direct lending and credit, have been pursuing opportunities to invest at markdown prices. Many private fund managers have sought or are seeking to raise new capital so as to not miss these opportunities. A wide range of fundraising alternatives are available and certain market trends have developed amid the COVID-19 dislocation. In this article, partner Peter Naismith and associate Andrew Mazzarella outline the ways in which COVID-19 has altered how funds are raised.