Coronavirus (COVID-19): Considerations for Private Equity Sponsors

Weil, Gotshal & Manges LLP
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The global outbreak of the novel coronavirus pandemic (COVID-19) continues to adversely impact commercial activity globally, causing significant volatility and instability in financial markets throughout the world. The full extent of the global impact of the outbreak is still uncertain, and the reaction of governments throughout the world is quickly evolving. COVID-19 has already had and will continue to have serious implications on the global markets, including the private equity industry. Below are certain items related to the impact of COVID-19 for private equity sponsors to consider:

Fundraising Implications

- U.S. Securities Filings and Non-U.S. Marketing Registrations. Sponsors should expect that certain governmental offices, including Asian and European governmental branches, will be shut down or significantly delayed during the COVID-19 outbreak. This may make it difficult, if not impossible, for sponsors to register their funds in certain jurisdictions during their current fundraising periods, which may curtail certain fundraising efforts...

Please see full Alert below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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