Private Funds CFO recently published an article titled “Why preferred equity could be PE’s next battleground.”
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Ogier fund finance specialist Catharina von Finckenhagen has returned to the Cayman Islands as a dual-qualified Luxembourg advocate and Cayman attorney, providing combined Luxembourg law and Cayman law advice from a U.S. time zone. James York joined the NatWest Markets Funds Finance team as a VP earlier this month. |
Citi hosted the Fund Finance Association's fourth NextGen event, a problem-solving activity aimed at providing a local charity with workable solutions to a problem it is facing.
The FFA announced this week that the 3rd Annual Asia-Pacific Conference in Hong Kong scheduled for September 25 is proceeding as planned.
Below is a look at what we are reading this week outside of the four corners of Fund Finance.
Here are updates to our Fund Finance Calendar.
As we have discussed previously in this series, subscription financings usually adopt a borrowing base approach or a coverage/leverage approach to calculating investors’ available commitments.
The State of Delaware recently made meaningful amendments to the Delaware Revised Uniform Limited Partnership Act (“DRULPA”) and the Delaware Limited Liability Company Act (“DLLCA”) that will impact fund finance transactions. The amendments became effective on August 1, 2019.
Results of another study on the impact of subscription facilities on fund IRR was published this week, this time in Private Equity International by guest contributor Christopher Jackel of Montana Capital Partners.
Preferred equity is gaining ground as a financing tool that allows LPs or GPs to accelerate liquidity against fund assets while retaining ownership and upside potential.