Cadwalader lawyers and practices once again have been recognized as industry leaders in the 34rd edition of the IFLR1000, a publication focused on financial and corporate transactional work.
Women in Fund Finance EMEA is excited to invite you to the upcoming networking event in Jersey, including a conversation with Jane Niles, CEO at Investec Bank Channel Islands.
The key component of any subscription credit facility is the underlying capital commitments that are pledged to secure the facility. Virtually every lender will require some level of over-collateralization – meaning, investor commitments will never receive dollar-for-dollar credit relative to the size of the facility (which would be a 100% advance rate).
Cadwalader fund finance partner Leah Edelboim has been named a winner in the “Law Firm Thought Leadership” category of Corporate Counsel’s 2024 Women, Influence and Power in Law Awards.
Join Scott Aleali, Head of Private Equity Finance at Citizens Bank, and Jeff Maier, Senior Managing Director - Private Equity Finance at Citizens Bank, with special guest K. Don Cornwell, Co-Founder and CEO of Dynasty Equity, for the latest episode of Fund Fanatics!
We have said it before – the “credit cornerstone” of a subscription credit facility is the limited partnership agreement – it is the primary contract, together with any side letters, governing the relationship between a fund and its investors. But does the LPA really mean anything if there are no investors subscribed to the fund? Enter the LPA’s most important sidekick, the subscription agreement.
Yesterday, the Institutional Limited Partners Association issued guidance for Limited Partners and General Partners around the use of Net Asset Value based financing facilities by private equity funds. The Guidance is intended to provide general parameters for transparency and dialogue between Limited Partners and General Partners around the use of NAV-based facilities.
Texas Teachers trims PE target; Florida FSB weighs CFO and NAV; and bankruptcy holding raises questions.