Private Equity International this week published several articles addressing fund finance issues. In “LPs to CFOs: ‘We do use your data,’” PEI reported on feedback from investors at the CFOs and COOs Forum held earlier in the week in New York. The article indicates that investors are actually using the due diligence and reporting information they are requiring from GPs. The article also briefly discusses credit facilities and gives a supportive investor viewpoint, other than when they use facilities to make distributions. The subscription-required article is available here.
In a second article, titled “Uncommitted debt: How to avoid getting stung in a downturn,” PEI reports on the growth of uncommitted credit facilities and how they compare to committed subscription lines. That article is available here.