BDCs were introduced to the subscription finance scene a few years back as they rode the growth wave of private debt funds following the financial crisis. Now, they seem ever-so-popular in our market – witness the doubling of the federal statutory leverage limitation applicable to BDCs last March, a sure driver of growth.
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A closer look at "control" and "change of control" definitions and related terms.
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What we are reading on private markets this week.
Read More »Florin Vasvari, Professor of Accounting: Chair, Accounting Faculty and Academic Director of the Private Equity Masterclass at London Business School, published an article earlier this week on fund finance titled, "What Have Cheap Bank Loans Done to Private Equity Funds?"
Read More »It’s time to mark your calendars for our fourth annual Finance Forum at The Ritz-Carlton in Charlotte, North Carolina on Oct. 17.
Read More »The FFA announced this week that the 3rd Annual Asia-Pacific Symposium scheduled for Sept. 25 in Hong Kong will be proceeding as scheduled.
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I just got back from a terrific vacation to the North Carolina coast and mountains, and my daughters continued a ridiculous run of good fishing.
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BDCs were introduced to the subscription finance scene a few years back as they rode the growth wave of private debt funds following the financial crisis. Now, they seem ever-so-popular in our market – witness the doubling of the federal statutory leverage limitation applicable to BDCs last March, a sure driver of growth.
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What is the Venture Capital Fund Adviser Exemption under the Investment Advisers Act and why is it relevant to loan facilities?
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We take a closer look at Borrowing Base/Leverage (or coverage)-based covenants and considerations and issues with each.
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