The European Chapter of the FFA's Next Generation in Fund Finance is pleased to host its fifth event in London – an educational discussion on "Unchartered Territory - Default & Enforcement in Fund Finance."
Hybrid facilities offer funds maximum flexibility to meet liquidity needs at longer facility terms while maximizing both availability and eligibility throughout the fund life cycle, according to an article published by Fund Finance Partners this week.
Here are updates to our Fund Finance Calendar.
Cadwalader partners Samantha Hutchinson, Wes Misson and Tim Hicks shined a light on the firm’s Fund Finance practice at the recent Cadwalader Finance Forum hosted in Charlotte. Drawing from the firm’s representations in Q1-Q3 on both sides of the Atlantic, the three presented a data-driven analysis on fund lending trends.
ILPA this week published a model limited partnership agreement that lives up to its stated mission of providing a starting point for an Investor-friendly fundraise. Here are our observations on the very light provisions in the model LPA covering fund finance.
|
|
This week we bring you an interview with Signature Bank’s Charles Newcomb. Charles is a Managing Director in the Fund Banking Division at Signature Bank. He is responsible for the origination and structuring of debt products for private equity-style funds across all asset sectors. |
An increasingly common trend in subscription/capital call financing, reflecting the increasing appetite of funds in this area, is the utilisation of what is a fairly typical leverage or borrowing base in a subscription/capital call line to facilitate the provision of hedging (either for interest rates or for fx) on top of the standard subscription/capital call line.
American Banker earlier this week published an article titled, “Banks extending more credit to PE. Will they regret it?” The article covers the growth of fund finance as well as discussions of subscription finance on recent bank analysts calls.
|
|
David Arthurson has joined Standard Chartered Bank as Executive Director in its Financial Strategic & Investors Group. |
The FFA earlier this week requested nominations for several awards that will be presented at the FFA's Global Fund Finance Symposium in Miami on February 12-14, 2020.