ARE FAMILY OFFICES OR OTHER LPS STARTING TO PULL BACK AMIDST COVID-19?
For other independent sponsors in particular, are you experiencing any 'soft circle' commitments or verbal indications of interest, whether from family offices or other LPs, being rescinded due to the current economic environment? I am curious if there is a larger undercurrent forming across LPs and this could impact funding available to independent sponsors.
On a similar note, there was a great question addressed in a recent Pitchbook analysis of the current economic downturn and I am curious others thoughts here as well. Framed through the lens of Family Offices as LPs to Independent Sonsors, how is the pullback in public markets going to affect allocations and commitment pacing to private markets?