Crestline Investors, through its Portfolio Financing strategy, is providing unique fund financing solutions for private equity funds based on their investment portfolio and net asset value (“NAV”).
Women in Fund Finance (WFF), in partnership with Morgan Stanley, recently held an intimate screening of the documentary RBG, followed by a networking event for its members.
The Fund Finance Association’s Diversity Initiative hosted its inaugural event yesterday at Baruch College in New York City.
Michael Sinclair joins People’s United Bank; First Republic Bank welcomes back Jason Birnbaum; Cadwalader announces Special Counsel and Counsel for 2019.
We highlight openings at First Republic Bank, Validus Risk Management and Cadwalader.
With President Trump announcing that both Winter and Sanctions are Coming full-on Game of Thrones‑style, it is time to tune back in for the next season. The November 5 reimposition of U.S. sanctions on Iran combined with the Khashoggi tragedy at the Saudi Arabia consulate in Istanbul has fund finance lenders asking about potential sanctions' impact on their portfolios.
Wells Fargo’s syndication team hosted its annual conference last week at the Plaza Hotel in New York. We summarize the key themes.
Fund clients and their lawyers are taking advantage of the variety of "fund" entities created over the last decade in Europe, resulting in an increase in corporate entities as fund vehicles. These entities raise additional considerations about the enforcement of security over the right to call capital.
Short-term interest rates continue marching higher. Regional banks face easing regulation and may be positioned to grow balance sheets. And, at the same time, the prospect for bank asset growth from traditional sources is being challenged by weakening loan demand across the board. Connecting these dots, we're optimistic about the outlook for subscription finance—a floating-rate product with robust new deal volume—and a market environment that looks primed for new lenders to enter the space.
On November 15, Thomas Draper, partner at Foley Hoag LLP, and Mike Mascia, partner at Cadwalader, joined Rorie Norton of the Hedge Fund Law Report for a webinar on the status of the fund finance markets.