Fund finance facilities often provide for the issuance of letters of credit in addition to loans. Such letters of credit are customarily secured by the same collateral pari passu with loans. In syndicated facilities, each lender may agree to participate in the letter of credit liability pro rata to their commitments.
Secondaries Investor reported on the significant uptick in volume of preferred equity transactions in H1, demonstrating that preferred equity solutions continue to be an increasingly important part of the fund finance market.
Haynes and Boone partner Albert Tan moderated a Privcap Podcast earlier this week and, along with guests Jeff Johnston, Head of Asset Management at Wells Fargo Bank and Chair of the Fund Finance Association, and Jonathan Peiper, a Managing Director and Head of Subscription Financing at Mizuho Americas, discussed the fund finance market and provided some market observations amid the COVID-19 pandemic.
The Drawdown has announced its shortlist for the 2020 Private Equity Service Provider Awards, which recognize private equity service providers across multiple categories. Cadwalader is honored to be named a finalist in the “Advisory/Consultancy: Fund Finance” category.
Here's a look at what we're reading outside the four corners of fund finance.
Here's a look at what we might expect to see in Fund Finance for the second half of 2020.
Here is an opportunity to take a step back, to look at the history behind Cayman’s growth, and to consider, following the recent introduction of the Private Funds Law, whether those same underlying, historical reasons still apply and what “business as usual” may look like going forward.
In this week’s FFF: Industry Conversations, Taylor Johnson of Nuveen Investments joins Cadwalader’s Mike Mascia and offers his fund finance and property-level market observations, including where he sees gaps in available lender-side supply and where he thinks banks could innovate to bring value to fund borrowers in the current environment.
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Join Women in Fund Finance on Monday, August 10 for a virtual fireside chat with Shellye Archambeau to discuss Unapologetically Ambitious, her upcoming book on how to achieve your personal and professional goals.
Private Funds CFO published an article on London-based 17Capital entering into a partnership with a significant American institutional investor to create a $1 billion NAV-lending platform. This is yet another indication of the continued growth of NAV-based lending and its increased popularity going forward. Click here to read the full article.