WFF will host a night of networking and drinks in partnership with Allen & Overy and Clifford Chance at the Tate Modern, London, on November 2.
This edition of Brickfield’s Fund Finance Voices features Julie Thick, Managing Director and Director of the National Subscription Lending Platform at JPMorgan Chase & Co. in Chicago. Julie provides insight on the importance of the fund structure in the real estate industry and the growth that it has caused over the last 25 years.
The Cadwalader London Fund Finance team has continued its impressive record of awards, award nominations and other recognition for its outstanding work in the market. Recently, The Legal 500 UK recognized London practice head Samantha Hutchinson as a “Leading individual,” and also recognized partner Nathan Parker and associate Mathan Navaratnam in the Fund Finance arena.
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With ESG (Environmental, Social and Governance) funds on a dramatic incline, an incline expected to continue going forward, it seems inevitable that regulatory reform is on the horizon. Europe has been leading the charge in the incorporation of ESG considerations into its regulatory framework. As we look to gauge what type of regulatory reform might be around the corner for us here in the U.S., specifically in the realm of fund finance, it is useful to look at the regulatory developments in the EU.
In this week’s FFF: Industry Conversations, Cadwalader partner Samantha Hutchinson sits down with Ares Credit Group's Andie Goh and Peter Keane to discuss how fund finance fits into the alternative credit space, activity in the market, and more.
Yesterday, the Loan Syndications and Trading Association (the “LSTA”) circulated a revised draft of its Form of Revolving Credit Facility to its members. The LSTA first published its comprehensive Form of Revolving Credit Facility in 2017. Prior to that time, the LSTA had “Model Credit Agreement Provisions,” a library of standard provisions for a credit agreement, but it had not previously offered its members a full-form credit agreement.
ESG-linked facilities sped from a concept with a handful of prototype deals in the wild 18 months ago to becoming an established and growing segment of the fund finance market today. Investor demand is the driving force, and sponsors are responding with ESG-oriented fund offerings. Value-aligned financing is a logical next step. In the first installment of a two-part series, Private Equity Law Report traces the path of the ESG fund financing market from inception to the current framework for pricing and performance measurement, leaning on insights from Cadwalader’s Wes Misson along with other market participants.
Following the panel hosted by Samantha Hutchinson in July and due to popular demand, Women in Fund Finance is hosting a second panel discussion on alternative liquidity solutions. Next Tuesday, October 5, from 10-11 a.m. EDT, join Sam and industry experts as they discuss the latest trends and how private managers are using alternative liquidity to manage their portfolios. Registration is available here.
Private Funds CFO this week published an article titled “Sub lines: Where has the ‘white glove’ service gone?” focusing on panelists' remarks regarding the current level of service various market players are seeing from lenders and the need to “plan ahead,” according to the panel, when it comes to borrowers managing their subscription credit lines.
In the next installment of Wildgen’s “Fund Finance” webinar series, to take place on October 14, Michael Mbayi will be joined by several industry leaders for an in-depth discussion concerning the structuring and the negotiation of security arrangements. To register, click here.