Simple subscription lines in Europe do not typically come with an intercreditor agreement (an ICA). Keeping the fund at the top of the structure “clean” with very restricted permitted financial indebtedness undertakings and a robust negative pledge preventing the creation of any security, should prevent competing creditors and security.
Nominations are being accepted through Monday, March 30 for the Fund Finance Association's annual awards, which recognize individuals who go above and beyond in our industry.
Now in its second year, FFA University 1.0 returns to London! Join the Fund Finance Association for this comprehensive two-day fund finance training program, offering a comprehensive look at the fund finance market through expert-led sessions on core products, legal and documentation considerations, market dynamics and key industry developments.
It is no secret that in a challenging environment for fundraising and exit opportunities there has been a growing appetite for evergreen structures from investors and fund managers.
Nominations are being accepted through Monday, March 30 for the Fund Finance Association's annual awards, which recognize individuals who go above and beyond in our industry.