PitchBook released its quarterly middle market report last week. While deal flow maintained a robust pace in Q2, fundraising is decelerating for middle market funds.
Earlier this week, Ropes & Gray released a podcast episode titled “Fund Subscription Facilities: Key Considerations for Limited Partners,” in which asset management partner Isabel Dische and finance partner Patricia Lynch discuss the use of capital call facilities by private investment funds.
Scott Aleali of First Republic Bank published an article on LinkedIn last week, titled "Best Practices for Ensuring GP & LP Alignment When Subscription Credit Facilities Are a Factor."
Stuart McIntosh has joined SMBC Europe.
James Beck recently joined Standard Chartered Bank as an Associate Director on the Loan Syndications team covering fund financing as well as CRE and leverage finance.
North Carolina Attorney General Josh Stein will offer the keynote address at Cadwalader's fourth annual Finance Forum in Charlotte, North Carolina on October 17.
Standard Chartered is seeking a Director of Fund Finance for its Financial & Strategic Investors Group.
The Charlotte office of Cadwalader is seeking an associate for its Fund Finance practice.
Here are updates to our Fund Finance Calendar.
Media coverage worldwide of the recent protests in Hong Kong has told a story of civil unrest and occasionally violent tension between protestors and the police (in their own right and as a proxy for the government). But the vast majority of protests and protesters have been peaceful, and Hong Kong's day-to-day life carries on with remarkable continuity. In light of this, the Fund Finance Association will be pressing ahead with its 3rd annual Asia-Pacific Fund Finance Symposium in Hong Kong next week.
The Variable Capital Companies Act (No. 44 of 2018) of Singapore (the VCC Act) was passed into law in 2018. The VCC Act introduced into Singapore the new legal entity of the Variable Capital Company (VCC).
Keeping the focus on Asia, this week we profile Fi Dinh and delve into her perspectives on private capital markets and fund finance in the region, capital flows and life in Singapore. Fi is a Director of Investment Industry Finance (IIF) and Insurance Sector Finance (ISF), Asia-Pacific at ING, based in Singapore. She joined ING in 2018 to help expand ING’s fund financing business into the Asia-Pacific region. The ING IIF team operates in key financial hubs for the fund management industry, including New York, London, Luxembourg and Singapore, and provides and arranges fund financing facilities to listed and unlisted funds managed by institutional asset management firms and leading financial sponsors. Before ING, Fi spent nearly a decade at Barclays in London and Dubai, where she was Director, Financial Institutions Group and helped build a successful Private Equity coverage franchise supporting financial sponsors and alternative asset managers in EMEA and the U.S.