Partners Sean Tevel, Gregory Bauer and Alan Schwartz wrote an article for Law360 discussing tax provisions in the CARES Act that can provide relief for private equity funds and their portfolio companies. Although these companies may not qualify for other forms of relief, such as the Paycheck Protection Program, these provisions can mitigate short-term liquidity issues as well as offer longer-term savings. The authors outline the options for immediate liquidity, prior-year refunds, reductions in the tax burden for 2019 and other benefits.