Confidentiality provisions in subscription credit facilities have always served a central purpose – protecting sensitive fund and investor information. These provisions have grown more detailed, more prescriptive, and, for lenders, more operationally demanding.
Loan Market Association has released a new podcast focusing in on market developments since the LMA and the Drawdown first launched the Fund Finance Intelligence Survey.
The US Women in Fund Finance and NextGen committees are partnering to host a networking reception in Charlotte on Tuesday, October 28!
Cadwalader, Wickersham & Taft LLP is proud to have collaborated with Lloyds North America to co-sponsor the annual Diversity in Fund Finance Summer Soirée!
One of the aims of the European Union’s Capital Requirements Directive VI is to harmonise the banking supervisory and access framework across the EU, including in relation to the provision of core banking services.
In broad terms, Article 21c of CRD VI prohibits the provision of cross-border core banking services into the EU by non-EU entities (the CRD VI Prohibition). This article looks at who the CRD VI Prohibition applies to, and what exemptions apply to the CRD VI Prohibition. And finally, it looks at possible solutions that could be available for non-EU entities to whom the CRD VI Prohibition applies and for whom an exemption is not available.
In subscription finance transactions where the borrower or another pledgor entity (such as a feeder fund or guarantor) is a Delaware limited partnership or a Cayman Islands exempted limited partnership, the role of the general partner is well understood and regarded as fundamental to the security structure. The GP is the entity that exercises the right to call capital from investors and typically grants security over those rights in connection with the facility.
Citizens Private Bank is rolling out personal loans collateralized by GP and LP interests in venture capital and private equity funds, pushing into the maturing credit market for cash-strapped investors, the bank told PitchBook.
The recording of the Fund Finance Series Webinar, “Market Update & Due Diligence,” featuring Cadwalader's own Leah Edelboim, is now available!
The Fund Finance Association is thrilled to announce the agenda is now live for the 9th Annual European Fund Finance Symposium at Old Billingsgate in London.