Cadwalader was delighted to co-sponsor this week's second annual golf outing at Dyker Beach Golf Course in Brooklyn, New York. The event was conceived of, planned and orchestrated by Kristin Castellanos, head of fund finance at TriState Capital Bank, and was sponsored by TriState Capital, Assured Guaranty, Cadwalader and Women in Fund Finance.
Master-series funds are definitely not on our desks on a daily basis; however, they do arise from time to time, and certainly as transactions are becoming more and more bespoke. Care should be taken by lenders when lending to these types of funds and in particular when putting the relevant loan documentation (including the security package) in place. Before delving into that, we thought it would be helpful to first take a look at what master-series funds are and why they are employed.
It’s been less than two full weeks since the U.S. Supreme Court issued its Chevron decision, yet the myriad impacts of the ruling have caused many of us to feel like it’s been much longer, as we’ve stretched each day weighing the implications in virtually every area of business. Fund finance is no different, and we want to share with you our early impressions and analysis for the near future.