NEW YORK (Reuters) – Blackstone Group Inc and Apax Partners LLP are among the buyout firms that have had to delay their annual meetings with their private equity fund investors or carry them out remotely because of travel restrictions imposed amid the global outbreak of a new coronavirus.
These meetings offer an opportunity for investors in the private equity funds to question managers about their performance and strategy, and decide whether they want to participate in the buyout firms’ future funds.
A Blackstone spokesman confirmed on Thursday that the firm’s meeting this week in New York with investors in its tactical opportunity funds was postponed for a date that has yet to be determined.
Apax Partners’ annual meeting with its fund investors went ahead as planned on Wednesday, but it was carried out remotely over a webcast, rather than in a physical gathering, according to a source familiar with the matter. Investors did not get the opportunity to ask questions during…