Some private equity firms and their portfolio companies are celebrating access to a $2.3 trillion lending program launched last week by the Federal Reserve to boost a coronavirus-stricken economy. But for critics, questions remain about the potential exploitation of a program designed to aid people and businesses battered by a pandemic. The Fed’s new program includes loans to small businesses that come with fewer restrictions than the $350 billion small-business loan program launched earlier this month by Congress. For some in private equity, it means much-desired access to funds that could help keep struggling companies afloat.
Read the full article: Fed’s Stimulus Offers Relief to Private Equity despite Critics’ Objections //
Source: https://pitchbook.com/news/articles/fed-stimulus-offers-relief-to-private-equity-despite-critics-objections