Here is who’s on the move in the fund finance industry:
NLC has expanded their platform with a dedicated Credit NAV Lending business. To lead this initiative, NLC has welcomed Steve Berry as Managing Director and Roger Fox as Director.
The growing need for quick capital in today’s fluid investing market has led to a recent trend of requests for expedited closings with aggressive timelines and inflexible targeted closing dates. While banks certainly strive to accommodate sponsor requests, depending on the details of the deal, some timelines are more achievable than others. This article aims to highlight several reasons why some closings may require more time and provide general strategies that funds and banks can adopt to help any expedited closing request go more smoothly. So what are we seeing in terms of causation for delays and possible solutions?
Join Scott Aleali, Head of Private Equity Finance at Citizens Bank, and Jeff Maier, Senior Managing Director - Private Equity Finance at Citizens Bank, with special guest Brian Vickery, Partner at PACT Capital Partners, for the latest Fund Fanatics episode.
The Fund Finance Association is thrilled to announce the confirmed instructors for the upcoming FFA U 2.0 in New York, including Cadwalader's own Brian Foster.
Cadwalader partner Bronwen Jones was recently quoted in a recent Mergermarket article on the growing use of debt financing by limited partners (LPs) seeking liquidity amid ongoing pressure from low fund distributions and curtailed exit activity.