Today we return with our seventh installment in the FFF Sovereign Immunity Series, in which we break down sovereign immunity in New Mexico, New York, North Carolina, North Dakota and Ohio.
Just a quick reminder that the Fund Finance Association has opened registration for the 7th Annual European Fund Finance Symposium, which will be held on Monday, June 19, from 9 a.m. to 7:15 p.m., at the QEII Conference Centre in London. For more information or to register, please click here.
Barclays has an opening for a new Legal Vice President to join its growing Corporate Banking Legal team in New York. Basic qualifications include a minimum of five years’ experience working in commercial lending at a law firm and/or in-house. For a more detailed description of the role and information on how to apply, please visit here.
Avardi Partners, a leading fund finance advisory practice, is looking to hire multiple candidates in London, from analyst to vice president. If you have up to eight years of experience in fund finance and are interested in joining our fast-growing firm, please get in touch. To apply, please visit here.
Intesa Sanpaolo IMI CIB is looking for a VP role to join the Fund Financing desk at Intesa Sanpaolo Bank Luxembourg. The candidate will be responsible for the structuring and execution of FF deals, together with a fast-growing team. Visit here for more information and to apply.
At this challenging moment, this older version of me has a few words of wisdom for my younger self and for all of you out there who are too young to remember Lehman (let alone the original airing of The Sopranos) and all that followed. So for what it is worth, what follows are notes to my younger self and the rest of you who are interested.
With the ongoing banking/financial markets disruption, we are staying very close to our clients to determine immediate actions and to assess the longer-term impact on the fund finance industry.
Please be sure to visit our Financial Markets Resource Center to access our firm’s across-practices insights regarding market developments.
While we will continue to be very proactive in responding to any new developments in the days, weeks and months to come, we encourage you to reach out to us with any questions or concerns. Together, we will get through this challenging cycle.
An article by 17Capital executives Robert de Corainville and Greg Hardiman focuses on the dynamics of the NAV finance market in 2022 and predicts explosive growth in the years to come. The article dives into NAV finance data from 2022 and provides a comprehensive analysis behind NAV financing’s strength amid turbulent markets. To view the article, click here.
The Fund Finance Association has officially opened registration for the 7th Annual European Fund Finance Symposium, which will be held on Monday, June 19, from 9 a.m. to 7:15 p.m., at the QEII Conference Centre in London. For more information or to register, please click here.
We look forward to seeing you there!
The Drawdown will host a members-only breakfast briefing, titled "Fund finance: Dealing with an increasingly complex lender landscape," on April 27 in London.
The program will feature a wide range of expert practitioners from across the fund finance community, including lenders and lawyers. The discussion will focus on the criticality of sourcing liquidity for operational leaders in private capital funds, and will also examine the rapidly shifting landscape when it comes to who is providing capital, as well as the increased complexity of the fund finance market.
Register your interest to attend here.
We know this has been a challenging time for many of our clients and friends in the fund finance industry, both professionally and personally. We join the broader fund finance community in offering our support in every way we can.
Stepping back and looking to provide industry guidance more broadly, we have created a “Financial Markets Resource Center” to serve as a central point of access for our firm’s insights regarding market developments.
The resource center features our best thinking on fund finance and the banking industry more broadly – in the form of Clients & Friends Memos and special issues of Cabinet News and Views, Fund Finance Friday and REF News and Views. We are also populating the resource center with additional informational resources and will continue to add timely content as it is produced.
And, of course, our best resource of all is our transatlantic fund finance team. Our lawyers have been working around the clock and around the globe to monitor developments, advise our clients on active transactions, and help them and the fund finance community keep pace with the broader implications of the ever-changing developments.
We’re here to help.
The FFA Board has issued a “statement of support” on the recent events in the banking industry and fund finance community. You can read it here.