New Private Markets published an article this week that highlighted the ESG-linked credit line to AlpInvest, a subsidiary of Carlyle. The article briefly outlines some of the KPIs included to measure the performance of the fund as well as some of the consequences of not meeting them.
Sarah Lobbardi of Avardi Partners provided the guest column in this month’s The Drawdown magazine. The column is on page 34, and the subscription-required magazine is available here.
Private Equity International published an article this week outlining the views of Ian Brown, the head of private markets at LGPS (one of the UK’s largest public pension funds).
Private Funds CFO this week reported on BC Partners bringing on Tom Glover to lead an NAV lending and pref equity build-out. This subscription-required article is accessible here.
Co-head of Crestline’s thriving fund liquidity solutions group, Dave Philipp was promoted to Partner this week. For more on the news, click here.
The Goldman Sachs Asset Management team in Dallas is hiring an analyst to join its Alternative Capital Markets & Strategy (ACMS) Fund Finance team.
The fund finance markets have remained active and vibrant into May, building on a solid first quarter. Much of what the market forecasted as likely in the beginning of the year has been occurring in fact. While the markets are steady and there is not much by way of breaking news, here are a few of our recent observations.
First Republic Bank this week published the first of a three-part, high-level primer on capital call credit facilities, written by Managing Director Alex Bolton. Part 1 provides an overview, covering topics such as what is a facility, when and why private equity funds may seek to put a facility in place, and key terms for a facility, including borrowing availability under a facility.
Cadwalader fund finance partner Samantha Hutchinson has been recognized as an industry leader among the 2021 IFLR1000 Women Leaders. In a Q&A special as part of the Women Leaders series, Sam discusses a range of issues and trends related to gender parity in the legal profession, including some key insights based on her own career.
“ESG is really about risks,” PitchBook analysts write in PitchBook Analyst Note: ESG and the Private Markets published in April. More specifically, the authors explain that ESG factors measure and address risks that have not historically been captured in financial statements − risks that could harm a company that fails to take such risks into consideration. In the private markets, LPs are increasingly including ESG criteria into their due diligence and investment processes.