Cadwalader seeks an associate to join its Fund Finance practice for a position specializing in Fund Finance and Derivatives in its New York office.
Here are updates to our Fund Finance Calendar.
There has been much written about the new economic substance legislation being introduced in a number of offshore jurisdictions. The Cayman Islands introduced the International Tax Co-Operation (Economic Substance) Law, 2018 in January 2019. Appleby partner Anna-Lise Wisdom and counsel Georgina Pullinger provide an overview of the ES Law as it affects fund finance.
On May 5, 2019, The Wall Street Journal published an article titled “Pensions Don’t Always Track How Much is Borrowed Against Their Names.” The article, like much of the press coverage before it, seems to lack a complete understanding of how the subscription facility product functions.
The trend towards greater concentration of capital at the top sponsors is a reoccurring theme in Fund Finance Friday. Pitchbook’s quarterly US PE Breakdown, published this past week, again underscored the theme with renewed clarity. It’s not just a story about the rise of the megafunds skewing the average. The small fund business is getting smaller.
The Fund Finance Association’s Next Generation network hosted its second European event at Vinson & Elkins’ offices in the Walkie Talkie building in London on May 2. Over 80 up-and-coming professionals from across the fund finance industry gathered to hear from senior experts.
Nick Armstrong has joined Bank of Ireland Corporate Banking in the United Kingdom as Head of its Subscription Finance business.
Cadwalader, Simpson Thacher and the Maples Group are co-sponsoring a fund finance event in San Francisco next Wednesday, May 15. Cocktails and hor d'oeuvres will follow introductory remarks on the state of the market. The event begins at 6 p.m. in a private room at Wayfare Tavern, 558 Sacramento Street. To register, click here.
Here are updates to our Fund Finance Calendar.
In honor of Cinco de Mayo, we decided to go south of the border this week and give a brief overview of Mexican facilities.