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Buyouts earlier this week published an article titled “Court Square offers LPs option to commit to fund with subscription line," reporting that for Court Square’s Fund IV, investors will have an option to commit to a structure with – or without – subscription financing. 

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PEI recently published “Credit Lines: An ‘Unlevered’ Version Of IRR Could Be Less Useful Than Hoped.”

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Fund Finance Hiring

Morgan Stanley is seeking to hire a high-potential Lending Transactor.

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Women in Fund Finance is pleased to hold the first "Wit & Wisdom Series" meeting in London, connecting senior women in the fund finance industry with junior members for intimate breakfast discussions.

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Here are updates to our Fund Finance Calendar. 

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"ILPA Principles 3.0: Fostering Transparency, Governance and Alignment of Interests for General and Limited Partners" (Principles 3.0) hit the press yesterday. The subscription facility-related recommendations had been fairly well-telegraphed. We summarize the key provisions. 

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Player Profile

Spencer is a Relationship Director within the Institutional Banking business of RBS International. He has been operating in the Funds space since the mid-2000s and has developed a portfolio of clients that now incorporates primary and secondary private equity funds and private debt managers.   

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Private Equity International published an article, titled “Fund Credit Lines: How to Compare Apples with Apples,” by guest writer Neil Harper.

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The Luxembourg office of NautaDutilh published a fund finance think piece titled “Towards A Mature Market for Fund Finance in Luxembourg.”

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By Chelsea Bruno | Wells Fargo Bank, N.A.

WFF hosted a drinks, nibbles and networking event last week at the beautiful Ham Yard Hotel in SoHo. This was the second event hosted by WFF in London this year, and the event was well-attended by a mix of professionals from sponsors, banks and law firms.

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