Yesterday, I was fortunate to get to provide the closing remarks to the attendees at the inaugural FFA University – Europe program. Like many of us, I’m very grateful for the career opportunities the Fund Finance industry has afforded me, and I am very optimistic the industry will continue to provide great opportunities for the next generation in the years to come. Below is a rough summary of the remarks I gave to the attendees, which focused on my suggestions for things they should consider doing to have a successful career, with specifics aimed at the nuances of the Fund Finance industry.
Women in Fund Finance will host Dana Laidhold, Treasurer of Peloton, for a Fireside Chat on Tuesday, February 16 at 11:30 a.m. EST. Dana was previously Treasurer at The Carlyle Group and has served on the Board of Directors of the Association of Financial Professionals.
Private Debt Investor this week published an article titled “Why fund finance is in high demand.”
Private Equity International this week featured an interview with Jonathan Harvey and Neno Raic of Investec.
Private Equity International this week published an article by Zac Barnett of Fund Finance Partners titled “Fund Finance Partners suggests tools for CFOs.”
A recent article in Private Equity International by our Fund Finance partners Samantha Hutchinson and Brian Foster highlights some of the noteworthy fund financing trends that have developed over the past year.
Scott Suhoza was promoted to Director in the Subscription Finance group at Bank of America, N.A.
Wells Fargo promoted a host of Fund Finance bankers this week. The Subscription Finance and ABF Loan Syndications team promoted Nancy Becker to Managing Director. Additionally, the Subscription Finance team promoted Jon Boltuch to Director, Mike Henry to Director and Dennis O’Hara to Vice President.
Commonwealth Bank of Australia is looking for an experienced Senior Associate to join its Fund Finance team in New York. More information is available here.
While not as robust as we once anticipated, we have seen a steady flow of financings for alternative investment funds that are registered as investment companies under the U.S. Investment Company Act of 1940. In structuring financing transactions with registered investment companies, there are a handful of issues that lenders should be aware of. Below is a brief (and, by design, over-simplified) description of a few of the more common issues that are addressed in loan documentation.
In this episode of Fund Finance Friday: Industry Conversations, Fabien Bonavia and Mohith Sondhi of OakNorth Bank join Cadwalader partner Samantha Hutchinson to discuss their experience and outlook on the fund finance markets.