In his Private Funds CFO guest column, Shiraz Allidina of Citco Capital Solutions, Inc. explains the role of a fund’s service providers, and discusses how subscription facility lenders should consider the quality and reputation of those service providers when evaluating new fund finance clients.
Deutsche Bank International Private Bank recently appointed James Nash as Head of its EMEA Fund Finance lending business, based in the UK. James is focused on building on the private equity business across subscription lending and GP and LP finance, covering all asset classes.
RBI is hiring a senior associate for its fast-growing European fund finance team in London.
ESG-focused investment funds raised a record amount last year – estimated at more than $50 billion in new investor money. This trend is expected to not only continue but accelerate over the next few years. Some commentators have even noted that eventually, there may be no distinction at all between traditional investing and ESG investing as the latter cements its standing as the new normal for our modern-day society.
In this episode of Fund Finance Friday: Industry Conversations, Bank of Ireland’s Nicholas Armstrong joins Cadwalader partner Jeremy Cross to discuss fund finance at BoI, as well as current market developments and predictions for the rest of 2021.
As anyone who has ever worked on a subscription-based fund finance facility involving Cayman vehicles can tell you, there will at some point be engagement on the “investor notices.” Most attorneys and bankers in the space can explain why this matter arises (because the Cayman Islands does not have a forum to formally register security interests to establish priority or otherwise), and almost everyone has a view on what is “market standard” vis-à-vis the issue of such notices. The reason for and use of investor notices is an evolving concept, however, and while we don’t anticipate Ken Burns or David Attenborough covering it in a documentary any time soon, a quick trip through the ages of fund finance is helpful to shed some light on what is, from a Cayman Islands perspective, an enduring feature of fund financing transactions.
Luxembourg law firm Wildgen last week hosted the seventh webinar in its fund finance series – a focus on GP and Management Fee Facilities. The panel was moderated by Michael Mbayi of Wildgen, and included Emily Rose of Silicon Valley Bank, William Lamain of Raiffeisen Bank International, Amira Hajili of Natixis, Richard Fletcher of Macfarlanes, and Brian Foster of Cadwalader. Here are FFF’s key takeaways from the panel.
The Asia and Europe chapters of Women in Fund Finance this week announced a May 11th event titled “WFF Asia & Europe: Lead Like a Woman by Mastering the Power Game.” For more information, click here.
The FFA’s Women in Fund Finance group this week announced an event titled “WFF Europe: The Technicalities of an ESG Financing,” featuring the following guest panelists: Emma Russell of Haynes and Boone, Eimear Palmer of ICG, Sally Little of ING, Stella Saris Chow of ANZ, and Guillaume Ferrer of CACIB. The event will take place next Wednesday, May 5 from 9-10 a.m. GMT. For more information or to register, click here.
Strafford Publications, Inc. this week announced a live CLE video webinar on fund finance titled “Structuring Umbrella Credit Facilities in Fund Finance.” The session will be held June 3rd at 1 p.m. EDT and will be led by long-time fund finance attorney Tom Draper of Foley Hoag LLP. For more information or to register, click here.