Cleary Gottlieb partner Adrian Rae Leipsic was quoted in the article, “PE in a Recession: Prepare for Potentially Necessary Layoffs and an Exodus of Critical Talent (Part Three of Three),” which was published by Private Equity Law Report.
This third article in a three-part series identifies different workforce management issues to consider and pursue to prepare for potential layoffs while also retaining critical employees. The first article summarized the industry’s views on a potential recession, along with the likely importance of the secondary market and ways managers’ fundraising efforts will need to be modified. The second article outlined techniques for fund managers to 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.