Even as the coronavirus disrupts many conventions and traditions of the financial services industry, one regulatory ritual has continued, albeit in digital form: the Securities and Exchange Commission’s compliance examinations with registered investment advisers. … READ MORE >
Financial services
As private equity firms hold onto investments, investors get restless
The coronavirus hasn’t slowed interest by private equity firms in putting their cash to work in distressed firms. But as that cash stockpile has increased, threats of the coronavirus have continued to mount, creating uncertainty and leaving private equity firms in a holding pattern. … READ MORE >
The future of work: Five predictions for private equity firms
As businesses around the world consider how they return to work amid the coronavirus pandemic, private equity professionals are already making plans for widespread changes to their workforce. … READ MORE >
Main Street Lending Program should be attractive to eligible family offices
As steady flows of management fees and profits interest start to attenuate, liquidity becomes more important to prevent the family office’s operations from slipping. As the economy slows and uncertainties linger, family offices that provide investment management services need to move beyond the Paycheck Protection Program and focus on the new Main Street Lending Program. … READ MORE >
As demand for commercial loans rises, so do underwriting standards
The increase in demand is consistent with the latest results from the RSM Middle Market Business Index, which indicate that an increasing number of respondents either sought special financing during the survey period or are planning to seek special financing over the next six months. … READ MORE >
Global M&A nosedives, and what comes next is still in question
Global mergers and acquisitions plunged in April as companies worked through business challenges resulting from the coronavirus. As parts of the world begin to reopen their economies, questions remain on how bad the aftertaste will be for corporate deal making. … READ MORE >
How business development companies are navigating the economic shock
As business development companies reel from the effects of the coronavirus outbreak, the valuations of their portfolio companies have dropped as the risk of default has grown amid a liquidity crunch. But there are steps they can take to manage the significant shock to the economy. … READ MORE >
As private equity firms prepare to deploy cash, a backlash looms
As many middle market businesses struggle to stay above water, private equity firms are well-positioned to provide a lifeline. But there is a looming threat to the way the industry operates, and it is coming from the political sphere. … READ MORE >
As SBA accepts new applications for Paycheck Protection Program, private equity is not eligible
As the Small Business Administration began accepting applications on Monday for loans under the second round of financing for the Paycheck Protection Program, private equity firms and hedge funds will not be eligible. … READ MORE >
For private equity firms, valuations become a difficult question
How do private equity firms determine the fair value of their holdings when those values seem to change by the day, or even the hour, amid the economic havoc caused by the coronavirus? … READ MORE >