Side Letter: Sub-line ESG levers, LP liquidity rethink, SPAC bashing
It looks like lenders are going to put wind in managers' ESG sails through credit facilities. Plus: LPs rethink liquidity (says Coller), SPACs are still a fad (says LP), beware covid-inflated valuations (says GP), and more. Here's today's brief, for our valued subscribers only.