Morrison & Foerster partner Maureen Ho is quoted in an article, “Side Letter: Emergency exits; Apollo’s $25bn target; POBA’s new CIO” published by Private Equity International on February 14, 2022.
According to the article, China’s latest regulatory crackdown appears to have set back some of the progress it had made in shrugging off a reputation for stilted private equity distributions, and prompted some GPs to get creative around exits. Maureen suggested that more firms are taking the time to negotiate greater flexibility in their future exits as the environment for IPOs or trade sales becomes more challenging.
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