Global private capital fundraising reached an all-time record $888.0 billion in 2019, according to PitchBook data summarized in its 2019 Annual Private Fund Strategies Report published last week. Record flows into private investment vehicles came in the context of high public equity valuations, a growing supply of negative-yielding debt around the world and signs of coordinated global deceleration in economic growth.
It is not unusual to hear the term “secondaries” in the fund finance world. It is thrown around conversationally and references arise frequently in market updates and panel discussions. For anyone not familiar with the term “secondaries,” we thought it would be useful to provide a concise introduction, including what secondaries are, why they are popular and how a secondary transaction is documented.
In 2019, Women in Fund Finance (WFF) launched the Wit and Wisdom Program, a series of events designed to connect rising young stars in the fund finance industry with senior women for discussions on issues affecting the next generation of female fund finance professionals.
In a number of articles in Fund Finance Friday, we have reflected on the increasing size of the market for capital call facilities and on the increasing number of banks and alternative lenders now offering these facilities at increasing ticket sizes. Let's take a closer look at supply and demand.
The Next Gen New York team is pleased to announce its “2020 Vision” initiative. 2020 Vision will be a series of educational seminars focused on developing events in the market that will touch all aspects of our shared business. Join the team on the morning of March 13 for their inaugural seminar to discuss the LIBOR transition.
 |
Michael Mbayi has joined Luxembourg-based law firm Wildgen as a director, where he will head the firm's Fund Finance practice. |
.
The Fund Finance Association organized an exciting lineup of content for the 10th Annual Global Fund Finance Symposium at Miami's Fontainebleau Hotel from February 12-14. Here are our key takeaways from this fantastic event.
Last week at the 10th Annual Global Fund Finance Symposium in Miami, Jeff Johnston and I had the opportunity to open the conference, welcome the attendees and thank our generous sponsors for their continuing support (thank you!!!). We also took a moment to reflect on the past decade and forecast where we would like to see the Fund Finance Association mature as we go forward.
David Rubenstein, Hillary Rodham Clinton, Earvin "Magic" Johnson and more: The FFA has released some photos of last week's Global Fund Finance Symposium.
The Women in Fund Finance networking boat trip around Miami's Biscayne Bay was a terrific kickoff to the FFA Symposium.