In this episode of Fund Finance Friday: Industry Conversations, Brickfield Recruitment founder Rory Smith joins Wes Misson to discuss Brickfield’s upcoming report benchmarking U.S. and Europe fund finance banking compensation and hiring.
Women in Fund Finance – Europe this week announced that it is looking to increase its number of committee members. If you are interested in getting involved, click here.
Private Debt Investor this week covered Pemberton's hiring of Thomas Doyle in London to launch its NAV-based financing strategy. The subscription-required article is available here.
Strafford’s live CLE video webinar series announced an upcoming webinar, titled “Structuring Revolving Credit Facilities: Draw Provisions, Swingline Financing, Lender Liability Concerns,” featuring Tim Hicks of Cadwalader and James C. Schulwolf of Shipman & Goodwin. The 90-minute live webinar will be held next Thursday, April 21 at 1 p.m. For more information or to register, click here.
Blue Torch Capital is looking to add an Associate to an emerging platform focused on Special Situations, Sponsored, and Growth direct lending opportunities.
First Republic is hiring for a Sr. Credit Analyst in San Francisco. The Sr. Credit Analyst qualifications include strong private equity credit and underwriting skills.
Goldman Sachs is looking to hire a fund financing associate in New York for its Alternatives Capital Markets & Strategy (ACMS) group. The team is also hiring for a Vice President.
Wells Fargo continues to grow its European Fund Finance team and is hiring one Analyst and one Associate to support the bank’s fund-level financing activities to private equity funds and other asset managers through structured credit facilities.
Net Asset Value (“NAV”) transactions, where a debtor pledges its downstream assets to secure a financing, can involve a wide variety of potential collateral. In some NAV transactions, the assets to be pledged to secure the financing will be transfer-restricted assets. The form of those transfer restrictions may impact the potential structure and liquidity profile of a given transaction and, while there is no one-size-fits-all approach to structuring these deals, it can be useful to identify some potential considerations that may help market participants optimize the approach that works best for them.
Anastasia Kaup will be joined by “boundary breaker” Keith Wetmore on Tuesday (12-1 p.m., EST) to discuss his career progression in finance and law as the first openly gay Managing Partner of one of the world’s leading law firms. Keith will also share practices to advance diversity and inclusion efforts for the LGBTQ+ community, and beyond. Please click here for more details about this event.
Join the European Women in Fund Finance committee to support Afghan refugees temporarily housed in London. Participate in one of two initiatives: (i) a drop-off/pick-up women and girls’ clothing drive, or (ii) volunteer to collect donations/clothing at the “Welcome Shop” on Fenchurch Street in the City. To request more information, please visit here.
The April/May issue of Private Funds CFO is now available for download and contains six pages of special coverage from the FFA’s Global Symposium. Report topics include the evolution of “Fund Finance 2.0,” the growth of the NAV market and a list of fund finance professionals who were recognized for their contributions to the sector. To access the April/May issue, click here.
In the latest installment of Wildgen’s “Fund Finance” webinar series, which took place on March 31, Michael Mbayi was joined by several industry leaders for an in-depth discussion concerning the structuring and negotiation of NAV facilities. To view, click here.