PE investors take tougher line with GPs amid Covid-19

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). "The [manager selection] process per se may not appear stringent in response to the pandemic, but there are certainly more activities and more questions arising out of what we are exper…