PE investors take tougher line with GPs amid Covid-19
Limited partners have cut back on private equity investments as they focus on monitoring their portfolios. And they are taking a more careful and rigorous approach to fund managers.

Investors have been asking private equity fund managers tougher questions and are taking more time before committing to new opportunities in light of the the turmoil sparked by the Covid-19 outbreak. This environment has led to substantially lower levels of investing and dealmaking (see box below).
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