Bridge Bank is looking for Credit Analysts to join its Equity Fund Resources team in the New York or San Jose offices. It is also seeking an AVP-Portfolio Manager for its Equity Fund Resources Team in the New York, Boston or San Jose offices.
In the days leading up to the closing of a credit facility, it is not uncommon for the administrative agent to ask each lender a simple question, “do you need a note?” For many lenders, the response is in the affirmative, but such an answer sometimes seems to be given out of instinct and without a thorough contemplation of the potential headaches that are being obtained. An understanding that the note may need to be amended, must be retained for future return to the borrowers, and may impose taxes that could change the direction of future responses.
On Wednesday and Thursday of this week, the Fund Finance Association ("FFA") hosted the annual FFA European University, followed by an evening drinks reception in London. Across the two days, the online sessions delved into fund finance fundamentals, including the LPA, side letters, subscription agreements and the mechanics of a subscription facility, in addition to exploring more complex matters such as creative fund finance structuring, multi-sourced/layered debt solutions and NAV facilities.
Women in Fund Finance, NextGen and Diversity in Fund Finance will be hosting a workplace diversity-themed panel for in-person attendance at Haynes & Boone’s New York office on May 16 at 6:00 PM. Don’t miss this opportunity to discuss challenges faced by diverse fund finance professionals and improve your effectiveness as an ally! To register, click here.
Please join the Cadwalader Fund Finance team for cocktails and to catch up with your fund finance friends immediately following the WFF, NextGen and Diversity in Fund Finance event on May 16 in NYC. We hope to see you there. To register, click here.
On Tuesday, May 24, Women in Fund Finance will launch a new “Reader’s Series” that will feature members of the fund finance community who are avid readers of non-fiction, with an emphasis on topics concerning both social impact and economic impact. The inaugural event will discuss the award-winning book, Dopesick: Dealers, Doctors and the Drug Company that Addicted America by journalist Beth Macy, who is a prolific writer on the opioid crisis. Also discussed will be award-winning Empire of Pain by Patrick Radden Keefe, a staff writer for The New Yorker and a New York Times best-selling author. The discussion will be led by Walt Jackson of Onex Credit, Mike Henry of U.S. Bank, and Cadwalader’s Leah Edelboim. Click here to register in-person or here for virtual attendance.
On Wednesday, June 1, Women in Fund Finance will host a virtual event, “Crypto 101: Demystifying Cryptocurrency & Blockchain,” featuring speaker Bob Griffin of WhiteTower Capital Management, LLC and moderated by Fazillah Durante of Scotiabank. Please visit here to register.
Wildgen released Episode 2 of its "Fund Finance Expert Talks" series, this week featuring Mourant Partner and FFA Board Member Danielle Roman. To watch the episode, click here.
Private Funds CFO has reported on remarks made at last week’s CFOs & COOs Forum around fund sponsors incorporating authority to borrow under NAV lines into their LPAs. The subscription-required article is accessible here.
Lauren Gubkin has been promoted to managing director at JPMorgan Chase Bank, N.A., where she works as part of the Financial Sponsors Group in New York.