Davis Polk partner and Investment Management head Leor Landa was quoted in Private Equity Law Report in part one of its series on contingent dislocation funds and how they can be useful during market disruptions. Leor noted that while the market downtown caused by the COVID-19 pandemic proved that CDFs can be valuable, it was also relatively brief and not many CDFs were able to capitalize on it. Leor also pointed out that CDFs have a different timeline from the typical five- or six-year investment period of PE funds. “Conversely, CDFs have a three- or four-year investment period, during which the proceeds are recycled frequently before eventually being distributed during the harvest period,” he said.

“Contingent Dislocation Funds and Market Disruptions: Appeal, Application and Adoption Before Adverse Events (Part One of Three),” Private Equity Law Report (March 15, 2022) (subscription required)

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