Congrats to our Partners in our Capital Markets group for earning both the Structured Finance and Securitization “Team of the Year” and “Deal of the Year” awards at the International Financial Law Review (IFLR) Americas Awards earlier this month in New York.
Publicly listed GPs raise larger flagship funds than their private counterparts, wait less between fundraises and outperform on IRR and PME metrics. These are the conclusions in a recent Pitchbook research note examining the effects of going public on GP behavior. Beyond these findings, the report is helpful in filling in the backstory behind today’s macro themes.
Brad Boland joins Signature Bank.
State Street has launched a search for a department head to lead the bank’s Alternatives Lending group; and the Cadwalader New York office seeks an associate to join its New York Fund Finance practice.
With the Memorial Day holiday in the United States, it was a relatively quiet week in Fund Finance. Our summer interns started last week, and we assigned a summer associate with reaching the end of the Internet in hopes of finding something new. To little avail. The break did give us all a little time outside the office, and I finished reading White Shoe: How a New Breed of Wall Street Lawyers Changed Big Business and the American Century. Below is a short review.
Cadwalader is holding its inaugural Fund Finance Review in the UK in our London office on June 5. Partners Jeremy Cross and Samantha Hutchinson will be joined by Coller Capital’s Mark Hindriks to provide a market overview and discuss best practices in fund finance following recent developments.
The Fund Finance Association’s Women in Fund Finance group this week announced a spinning and networking event at the Peloton Studio in New York.
Here are updates to our Fund Finance Calendar.
It hasn’t been boring – the first five months of 2019, that is. Financial markets are grappling with some rather unquantifiable risks as it relates to U.S.-China trade negotiations. On the private side, a couple of large public listings showed that public markets are more than willing to be more critical in setting valuations than private investors. Capital formation in the funds space maintained the prior-year pace. From our vantage, the fund finance business continues to thrive. We pause this week to summarize recent reflections on the market from the partners at Cadwalader.
Cadwalader is holding its inaugural Fund Finance Review in the UK in our London office on June 5. Partners Jeremy Cross and Samantha Hutchinson will be joined by Coller Capital’s Mark Hindriks to provide a market overview and discuss best practices in fund finance following recent developments.