Here's a look at what we're reading outside the four corners of fund finance.
Here are updates to our Fund Finance Calendar.
Our Fund Finance team had a great year, and we are extremely grateful to our clients and counterparties for entrusting us with your most important matters. We enter 2020 with a ton of optimism about our market’s prospects and potential. We are excited about a number of new initiatives we are undertaking next year to try and contribute to your business and our market, including a new Pink Book, an updated and improved data project, staffing additions, a new 2.0 version of fundfinancefriday.com, a new event schedule and more. Thanks for supporting us in 2019. Have a great holiday!
Open-ended funds are gaining ground, particularly on the private credit and commercial real estate debt side. We review the key considerations for structuring a subscription facility to this historically underserved segment of the market.
The Fund Finance Association released the Agenda for the 10th Annual Global Fund Finance Symposium this week, and the great speakers keep coming.
The Securities and Exchange Commission voted on Wednesday to propose amendments to the definition of accredited investor, a step towards allowing more individual investor participation in private funds. Under the newly proposed rule, additional categories of investors may be qualified to participate in private markets beyond the current monochrome standard based on income and net worth.
Cadwalader and consultants Sia Partners recently produced a comprehensive benchmarking study on LIBOR transition efforts. More than 75 organizations participated, including U.S. and foreign GSIBs, foreign banks with a sizeable U.S. presence, regional and super-regional banks, insurance companies, corporate and financial end-users, third parties and trade associations.
Here are updates to our Fund Finance Calendar.
Dee Dee Sklar of Wells Fargo this week formally announced her retirement from the bank effective December 31, a major milestone event for our industry.
Brickfield Consultants Ltd has released its highly-anticipated fund finance banker’s compensation and hiring benchmarking survey report.