Private Equity Wire Newsletter

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NEWSLETTER | 10 Apr 2020

Private equity firms launch initiatives to tackle impact of Covid-19

This week saw a further unravelling of the global economy as around half of the world’s population is under lockdown. US unemployment figures are expected to exceed those of the Great Depression as a result of the crisis.

Many private equity groups have set up their own relief funds and initiatives to help those immediately affected by Covid-19, socially as well as economically.

As UK Prime Minister Boris Johnson remains in hosiptal and the country likely to extend its stringent lockdown measures, the BVCA urged the Government to provide bridge funding for early stage businesses in Britain.

All over the world, similar economic rescue packages are being implemented – which themselves change the course of events and market forecasts – something all businesses are monitoring, navigating and adapting to. In these times of great uncertainty, it is difficult to predict anything for sure beyond the next few days.

Private Equity Wire sends our best wishes for the Easter Weekend, hoping it might be a time of either focused productivity, some well needed rest, or time for quiet reflection.

Karin Wasteson
Editor, Private Equity Wire

BVCA urges Government to provide emergency bridge funding for early stage companies

Thu | 9 Apr 2020, 17:45

The British Private Equity & Venture Capital Association (BVCA) has recommended the UK Government introduces a GBP500 million funding facility for VC-backed, early stage companies operating in the digital, biotech and life sciences sectors during the Covid-19 crisis.

Thu | 9 Apr 2020, 17:45

Eurazeo is creating a EUR10 million solidarity fund to buy and donate products from its investee companies to support communities affected by Covid-19, with the support of its shareholders.

Thu | 9 Apr 2020, 17:45

Inflexion Private Equity Partners is making donations totalling GBP 2.5 million to help alleviate the impact of the coronavirus outbreak via The Inflexion Foundation.

Thu | 9 Apr 2020, 17:45

Milltrust International Group has launched The Climate Impact Asia Fund in collaboration with Environmental Investment Services Asia Limited and WWF Hong Kong.

Thu | 9 Apr 2020, 17:45

Global software investor Insight Partners has held a final close of its growth equity fund Insight Partners XI at USD9.5 billion, with support from Insight’s existing, as well as new, investors.

Thu | 9 Apr 2020, 17:45

“The greater the obstacle, the more glory in overcoming it.” - Molière These are extraordinary times; a defining moment in our collective history. Covid-19 has forced over one billion of the world’s population into lockdown, and while many businesses are adjusting to remote working, the repercussions for non-human contact in a people-centric industry like private equity are significant.