PE in a Recession: Fortify Existing Funds in Accordance With Fund Terms, Obtain Liquidity, and Manage Skittish Investors (Part Two of Three)

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.