Buyout chiefs plead poverty over fundraising

Private equity executives are turning to banks to cover commitments to their own funds

Private equity executives are having to borrow from banks to maintain significant commitments to their own funds in the face of continued investor pressure for a greater alignment of interests.

Investec has been offering loans of between £5m and £75m to groups of executives to help them deal with the liquidity issue.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump