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Covid-19 impact: Private equity slows down, zooms in on portfolio companies

Future targets to include financial services, retail companies; Top PE firms shut offices about a week before lockdown; key execs and principals now entirely on phone, video-conferencing

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Top private equity firms shut offices around a week or so before the country officially did and key executives and principals now operating entirely through telephone calls and Zoom-enabled video-conferencing

Pavan Lall Mumbai

4 min read Last Updated : Mar 30 2020 | 12:53 AM IST

As primary capital markets face a battering over the lockdown due to the coronavirus

pandemic, alternative asset managers are rewriting how they locate deals, manage their portfolio companies, and engage with promoters of potential targets.

Top private equity firms had shut offices around a week or so before the country officially did and key executives and principals are now operating through telephone calls and Zoom-enabled video-conferencing. Deals that were past the stage of due diligence are still being transacted but early stage ones have halted.

One executive with an American PE firm said the focus was on cash preservation for the

Topics : Coronavirus Private equity (PE) investments PE firms

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