The EMEA FFA Diversity team invites you to join an evening of networking over drinks and canapés, hosted by Goodwin and Carey Olsen.
Cadwalader’s London office is excited to be hosting our inaugural European Finance Forum on Thursday, 12 October 2023 bringing together asset managers, financial institutions and alternative lenders across Europe to network and discuss some of the hot topics facing our industry today.
More details to be announced next week! Register here.
Save the date - October 18!
Cadwalader is proud to sponsor the second annual Charlotte Women in Fund Finance fall forum and networking event in the Queen City. Join us for an exciting and timely panel discussion followed by a networking reception. Additional details to come. You can register here.
All members of the fund finance community are welcome!
The Private Bank at Citizens is hiring a Relationship Manager who will be responsible for creating new and expanding existing relationships in the private equity vertical and other business verticals within the Citizens Private Bank. The full listing is here.
To celebrate the end of summer and recharge our batteries for an exciting and busy fall season, Fund Finance Friday will resume publication next week (September 8).
In the meantime, we wish our U.S. clients and friends the best for their Labor Day holiday; and a safe and restful weekend to those around the world. On behalf of everyone at Cadwalader, we thank all of you for your continued interest in and support of Fund Finance Friday.
The majority of subscription facilities are secured by the right to call capital and receive capital contributions from the fund’s investors and the bank deposit account into which those capital contribution proceeds are deposited by such investors. Focusing on the deposit account, frequently called the collateral account, there are two methods provided by Article 9 of the UCC for perfecting a lender’s security interest in such account: (1) the collateral account is maintained with the lender or (2) the lender and the fund enter into a control agreement with the bank that maintains the collateral account.
We have a final answer to the question of whether a term loan is a security. Yesterday, the Second Circuit Court of Appeals affirmed the District Court’s decision in the Kirschner Case that a term loan is not a security.
On August 23, 2023, the Securities and Exchange Commission voted to implement a number of new requirements for private funds, including requiring private funds to issue quarterly fee and performance reports and to perform annual audits.
From key trends shaping fund finance to NAV finance on the rise – here’s what we’re reading this week.
It's time to register for Cadwalader’s annual Finance Forum on October 19 at The Ritz Carlton in Charlotte, North Carolina.