PitchBook this week highlighted the “fundraising arms race,” or, in other words, the rush by managers to capture share in what continues to be a robust capital raising environment. Time to market between fund vintages from the same manager appears to be shortening. Along with this, managers may be feeling pressure from LPs to deploy capital more quickly. We highlight recent research on this point.
Commonwealth Bank of Australia Fund Finance Job Posting
SMBC Subscription Secured Finance Job Posting
Santander Bank Subscription Finance Job Posting
Cadwalader Seeks Fund Finance Associate
Cadwalader invites you to join us for cocktails and hors d'oeuvres at Scarpetta at the Fontainebleau Miami Beach from 8 - 11 pm on Sunday, March 24 to kick off the 9th Annual Global Fund Finance Symposium.
Here are some updates to our Fund Finance Calendar.
We received the same question multiple times last week: How was the fund finance market up so materially in 2018 while fund formation data from Preqin was down? While fund formation is, of course, the lifeblood of fund finance and both the number of funds closed in 2018 (1,733, down 28% from 2017) and aggregate capital raised ($757 billion, down from $925 billion in 2017) were down last year, there are a host of contributing factors explaining the discrepancy.
We visited London this week and share some market observations from our visit.
Cayman Islands attorney Catharina von Finckenhagen joined Ogier this week as a Senior Associate on the Banking and Finance team.
Here are some updates to our Fund Finance Calendar.
Preqin reported that fund managers raised $757bn in 2018, which is an almost 20% decrease from the amount raised in 2017 (when a record $925bn was raised). Whilst the extent in the downturn was unexpected, a decrease was generally anticipated by many commentators in the market due to a number of factors, including the fewer number of funds being raised, geopolitical uncertainty, and a general cool-down of the economy and the levels of dry powder prevalent in the market.