The latest in Brickfield Recruitment’s Fund Finance Voices series of interviews features Chuck Tedeschi of Pacific Western Bank, who outlines his background in the banking industry and career journey in fund finance, as well as how he and his team support multiple business lines.
Pacific Western Bank is hiring for a Portfolio Analyst – Fund Finance position to directly support the bank’s venture capital and private equity clients. The role will be based in its Durham, NC office and calls for 1-4 years of related experience. For further details, please visit here.
Colin Kennedy has joined Cadwalader’s Fund Finance practice as an associate in our Charlotte office. Colin has extensive fund finance experience, having represented domestic and international lenders in structuring, negotiating, and documenting subscription credit facilities to domestic and multi-jurisdictional fund vehicles, including private equity, debt, credit, energy, infrastructure, real estate, REIT and secondary funds.
Colin is a cum laude graduate of Wake Forest University School of Law, where he served as the Executive Editor of the Journal of Business and Intellectual Property Law.
Over the past few weeks, we have fielded a number of questions from our lender clients about a fund’s ability to call capital to repay a subscription credit facility after the expiration or termination of the commitment period and upon the occurrence of a key person event under the limited partnership agreement. These inquiries typically arise during the annual renewal of the subscription facility. While the expiration of the commitment period isn’t as relevant at the beginning of a fund’s life, it becomes more relevant to understand a fund’s ability to call capital as the commitment period naturally winds down pursuant to the terms of the limited partnership agreement.
The FFA’s Diversity in Fund Finance group published a new Diversity Spotlight newsletter edition this past week. Some notable highlights include a look at the UK Financial Sector’s endeavors to expand diversity by taking a regulatory approach, a thought-provoking reflection on the impacts intersectionality has on individual professional experiences, and a conversation encouraging the Fund Finance profession to consider an Antiracism framework to build a more inclusive community.
Women in Fund Finance Europe will be hosting an in-person networking event at the Tate Modern on November 2 from 7 p.m. A great opportunity to network, drinks, canapés and an immersive installation by Yayoi Kusama are on the menu, so be sure to register to attend!
Women in Fund Finance announced an event on Financial Sponsors Derivatives Hedging for November 17 at 11 a.m. New York time. For more information, click here.
The FFA will host an End of the Year Networking Drinks event in celebration of the Fund Finance community in APAC on December 7 at Centricity, located at 2/F Chater House, Chater Road, Central, Hong Kong. In order to register for the event, please click here.
As the fund finance market continues to grow, it has also become harder to navigate. The Drawdown’s first edition of the “Fund Finance Tracker” analyzes the continued popularity of subscription lines, as well as the growth of NAV lines and GP financing. Through interviews with key lenders, this article provides some insight into how lenders approach these loans. To access the subscription-required article, click here.
In Wildgen’s most recent Fund Finance webinar series installment last week, Wildgen's Michael Mbayi was joined by other experts in the industry for a market update and in-depth discussion concerning the structuring and negotiation of security agreements.