Held to account: why is it so hard for PE to open bank accounts
After months of relationship building, negotiating, planning, strategising - the deal is finally agreed. Now it’s up to the CFO to move the necessary funds from investors to the target company. Sounds simple. In reality, movement of capital in the private funds space has become an increasingly tricky task.
Opening up SPV (special purpose vehicle) accounts is taking longer and longer, with some GPs reporting nine month wait times.
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