Secondaries Investor recently ran an article that summarized various financing solutions available to funds – namely, capital call facilities, preferred equity solutions and NAV facilities. The article expands on some considerations that should be taken into account when deciding on which of the aforementioned options may be best-suited for the life stage and proposed objectives of the fund.
Long-time Cayman Islands fund finance lawyers Hugh Anderson and Justin Hart were promoted to Partner at Walkers this week. Congratulations, Hugh and Justin!
A couple of short updates as we head into the week that every deal in the market has targeted for closing.
In this episode of Fund Finance Friday: Industry Conversations, Evelyn Zhang of Partners Group joins Cadwalader partner Samantha Hutchinson to discuss how the secondaries market has been impacted by COVID-19.
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In this episode of Fund Finance Friday: Industry Conversations, RBS International's Spencer Goss joins Cadwalader partner Jeremy Cross to compare and contrast the Fund Finance market pre- the Great Financial Crisis in 2008/2009 to the market today.
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Scott Aleali and Jeff Maier hosted guest fanatic Mike Mascia on their newly released edition of Fund Fanatics. Go Panthers!
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Cadwalader Fund Finance special counsel Trent Lindsay was promoted to Partner this week. Trent represents many of our lender clients and other credit providers in subscription facilities, management fee lines, partner loan programs, NAV facilities and hybrids. |
The FFA this week opened registration for the European FFA University, which will be held virtually on Thursday, February 4, 2021.
For those in search of a little light reading over the holidays, law firm Carey Olsen recently published a helpful review of developments and trends in the offshore fund finance market over the past year.
Fitch Ratings has published its 2021 outlook for Private Equity Collateralized Fund Obligations, with an overall outlook of "Stable."