Adam co-leads the Funds Finance Team at Raiffeisen Bank International and is responsible for originating, structuring and executing fund-level financing solutions for alternative asset managers. Previously, Adam was a Relationship Manager on the Funds Team at Lloyds Banking Group and a Partner at Altius Associates, a private equity gatekeeper and fund of funds manager. He holds a LLB Law (Honors) from the University of Newcastle upon Tyne and an Executive MBA from Cass Business School, City University, London.
17Capital this week announced the hiring of Anthony McKay as Finance Director, based in London.
Silicon Valley Bank is looking for an Associate for its Global Fund Banking Team in its Chicago office.
Morgan Stanley is seeking to hire a high-potential Lending Transactor.
Here are updates to our Fund Finance Calendar.
Today marks the 36th edition of Fund Finance Friday, and we are pleased to introduce fundfinancefriday.com, a new website designed to allow easy access to all of FFF’s substance.
Update on 1st half volume, ILPA Principles 3.0 and FFA University.
This week we interview Scott Aleali, who is a Managing Director and leads the Private Equity Finance team in New York at First Republic Bank. His expertise includes commercial and private banking liquidity solutions for private equity management companies and their funds, investment vehicles, portfolio companies, GP/Co-Investment entities, and individual partners and principals. Prior to joining First Republic, Scott was a Managing Director at Silicon Valley Bank, where he spent 10 years banking and structuring credit solutions for private equity and venture capital firms and their portfolio companies. Scott earned his bachelor’s degree in finance, real estate and law from California State University, Long Beach.
The opportunity set for non-bank lenders in fund finance is an occasional conversation piece around here, with a loose consensus that margins in the vast majority of the market just don't pencil out for anyone other than maybe so-far untapped insurance or money manager sources of capital that comp to triple-A structured products. Dyal Capital Partners is breaking ground with a strategy that targets high single-digit returns by lending to sponsors on terms of 10 years or longer, according to a Wall Street Journal report.
Law360 recently featured an article on subscription finance, drawing insight from the team at Ropes & Gray LLP and Y. Shukie Grossman at Gibson Dunn & Crutcher LLP.
Ogier recently published “Fund Finance Lending: A Practical Checklist.” The article details practical considerations involved in structuring a subscription facility.