May 15, 2020
Dorothy Mehta comments on the continued attraction of safe haven U.S. assets at a time of considerable crisis, despite the strictures imposed by TALF 2.
Consortiums of fund investors and ultra-high net worth individuals particularly from Europe and Latin America are showing interest, while among the potential domestic buyers, traditional wealth managers and pension funds are lining up, as they did in TALF 1.0, says Dorothy Mehta, a partner at Cadwalader.
These investors have not yet, of course, committed capital, but neither are they dismissing TALF out of hand. “We’re taking calls from funds every day,” says Mehta.