Cleary Gottlieb partners Maurice Gindi and Adrian Rae Leipsic were quoted in the article, “PE in a Recession: Fortify Existing Funds in Accordance With Fund Terms, Obtain Liquidity, and Manage Skittish Investors (Part Two of Three),” which was published by Private Equity Law Report.
This second article in a three-part series details ways fund managers can bolster their existing funds to endure a recession, including key terms to review, amendments to seek, liquidity avenues to pursue, and investor dynamics to monitor. The first article summarized the industry’s views on a potential recession, necessary modifications to managers’ fundraising efforts, and the prominent role the secondary market will likely play.