feel that COVID-19 will be more severe than the 2008 global financial crisis
do not expect to make a portfolio exit in the next 12 months
expect to suspend or postpone fundraising for their next fund
Download our 2020 GP Trends report
Read insights from the 2020 GP Trends data
In the current environment, there is, understandably, an increased appetite for borrowing, as firms seek to bolster liquidity levels and protect against the impacts on the COVID-19 pandemic. Whilst certain sectors are feeling the pressure more keenly than others, portfolio companies are acting quickly to draw down on financing arrangements, regardless of the markets they serve. We expect many to require further capital later in 2020.
Callum Bell, Head of Lending, Growth & Leveraged Finance