Citco says NAV credit facilities have wildly increased in importance compared to the secondary trading of assets as a means of creating liquidity. Read more here on how NAV facilities continue to gain momentum, rising from their current size of $100Bn globally to potentially $600Bn globally by 2030.
Attorneys are regularly asked about or faced with the request to backdate a document or set of documents. We are also at times asked about the acceptableness of a document that has been backdated. This article explores the practice of backdating and sets forth a high-level framework that can guide business people and lawyers as to the acceptable use of the practice.
Massachusetts Mutual Life Insurance Company and Barings, one of the world’s leading investment managers and subsidiary of MassMutual, announced plans earlier this week to transition MassMutual’s Direct Private Investments, a leading fund finance provider, and MassMutual Asset Finance, an equipment finance company, to Barings.
Fitch Ratings has published an exposure draft proposing new rating criteria for subscription facilities backed by capital commitments to private capital funds.
The EMEA NextGen team will host a joint FFA NextGen and NextGen IR panel event on March 21 to discuss fundraising trends, financing needs and investor considerations.
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This April 28 CLE program, part of the ABA Business Law's Hybrid Spring Meeting 2023 in Seattle, will describe the evolution of fund finance.
U.S. Bank is seeking an Analyst to join its Subscription Finance origination team in New York. For a description of the role, and for other information, including how to apply, please visit here.
