What LPs Are Looking For After COVID: Cash is King

Investors, from endowment funds to sovereign wealth managers to family offices, are looking for greater liquidity as well as more flexibility and negotiating hard on fees when allocating capital to credit funds. “Cash is king,” an age-old saying coined for a global stock market crash occurred last century, appears to once again become the truism for credit-fund allocators. In this article, partner Daniel Hunter discusses what LPs are looking for and can expect post-COVID.