Our UK team tracks data and trends coming out of the European subscription finance market on a quarterly basis, and has just completed the Q2 2023 review and outlook. To arrange a call or meeting to discuss, please reach out to Mike Hubbard or your Cadwalader UK fund finance counsel.
Investec has just published its latest annual report on the Secondaries market – and it is well worth a read.
NAV financing, continuation funds, public pension funds and their increased private equity allocations, and the commercial real estate outlook – here’s what we’re reading.
Fitch Ratings is seeing strong demand for subscription finance ratings following publication of its new rating methodology, and so the company is adding staff to support this initiative.
In the private equity secondaries market, financing is often used to facilitate the purchase of portfolios of interests in private equity funds. These transactions require lenders to underwrite the value of assets that the borrower does not yet own, which gives rise to a specific set of challenges for the lenders. Here we discuss some of those challenges and the steps lenders can take to get comfortable making such loans.
Cadwalader partner Sukhvir Basran and special counsel Katie McShane will lead a Strafford CLE video webinar this Tuesday on ESG in fund finance, with a specific focus on how to structure and draft Sustainability-Linked Loans in order to help achieve ESG-related objectives.
PLI will be hosting a webinar titled “A Field Guide to Fund Finance” on Wednesday, July 19 at 1 p.m. EDT. This program will serve as a comprehensive introduction to fund finance and a gateway to the advanced topics covered in PLI’s flagship Fund Finance 2023 conference to be held in October.
No one will be surprised to hear that the initial read on first half fundraising is pointing lower for 2023. Pitchbook reports U.S. private equity fundraising of $153 billion through June, which annualizes to a down 19% from the prior year.
As one of the lead sponsors of the inaugural WFF US: Tee Time Golf Outing on Thursday, July 20, we are looking forward to seeing many of our friends at the Dyker Beach Golf Course in Brooklyn. The event will take place from 11 a.m. – 5 p.m. Other lead sponsors are Assured Guaranty and TriState Capital.
There may still be slots available. Please reach out to info@womeninfundfinance.com.
Diversity in Fund Finance hosted an evening of networking and sake tasting at Accidental Bar in the East Village last month.