Secondaries Investor covered 17Capital’s $4.5 billion fundraise this week for its fifth preferred equity fund and related vehicles. The subscription-required article is accessible here.
Private Funds CFO this week published an interview with Ted Goldthorpe and Tom Glover of BC Partners about the firm's platform and fund finance capabilities. The subscription-required article is accessible here.
Kroll Bond Rating Agency is looking for a fund finance attorney with 4+ years’ experience to join its Ratings Legal team. For more information, click here.
We have been talking about the LIBOR transition a lot lately, whether here in FFF, amending deals to contemplate the benchmark transition, or working with our clients to determine the best way to address the move away from LIBOR in their credit documents.
The FFA’s Board of Directors this week issued a statement on the FFA’s commitment to diversity and inclusion. Special thanks to Natasha Puri for her guidance to the Board in the preparation of this statement, which is available here.
Scott Aleali and Jeff Maier of First Republic Bank put out another episode of “Fund Fanatics” on LinkedIn this week, this time with guest Lori Gleeman, Founder and CEO of Soul Equity Solutions, to discuss the surge of activity in the market along with the development of ESG mandates. To watch the clip, click here.
High net worth investors may allocate an additional 5% of their portfolios to private markets by 2025 to drive $1.5 trillion in additional AUM growth for the industry, according to a joint report by Morgan Stanley and Oliver Wyman. Other key drivers for private market growth in front of wealth and asset managers include ESG, crypto, and technological innovations that will permit scalable customization in private sector investment strategies.
PitchBook recently detailed the criticisms of private fund allocations and realized performance that have been leveled at Pennsylvania Public School Employees’ Retirement System and at the State Teachers Retirement System of Ohio.
Cadwalader’s Fund Finance Team has been shortlisted for The Drawdown Awards 2021, named as a finalist in the “Fund Financing: Advisory Services” category. The winners will be announced at an awards ceremony on September 23 in London.
The Goldman Sachs Asset Management team in New York is hiring an analyst to join its Alternative Capital Markets & Strategy (ACMS) Fund Finance team.
Morgan Stanley Private Bank is hiring for a Vice President - Wealth Management Risk - Credit Underwriter in its Capital Call Subscription Financing group.