Alex Lynn
Alex Lynn is senior reporter for Private Equity International in Hong Kong. He previously covered the EMEA region from PEI's London office, where he was shortlisted for State Street's Journalist of the Year - Alternatives 2018 and 2019. He has a master's degree in Journalism from Kingston University.
The closing comes as secondary prices fall to levels last seen in the global financial crisis.
Drawdowns could enable managers to pre-empt liquidity issues arising from the pandemic but may compound the problem for certain LPs.
Deal sourcing will be led by Peng Fu, a former MD at Chinese investment manager Fosun, according to an investor email seen by PDI's sister title PEI.
GPs can avoid potential liquidity issues by drawing down loans early and performing greater due diligence on their lenders.
A look at the debt fund's loan terms, expected performance and opportunity set.
Top-decile institutional investors had a median allocation of 40% or more in private investments, according to Cambridge Associates research.
Sister title PEI's interactive charts paint a picture of how the two would marry together.
Dyal was initially targeting $6bn but is likely to raise significantly more after completing six deals from Fund IV in 2018, PEI understands.
Banks are changing the way security notices are issued to LPs following the firm's collapse.
The firm's credit funds are non-listed extensions of its publicly-traded business development company, New Mountain Finance Corporation BDC.