In subscription finance transactions where the borrower or another pledgor entity (such as a feeder fund or guarantor) is a Delaware limited partnership or a Cayman Islands exempted limited partnership, the role of the general partner is well understood and regarded as fundamental to the security structure. The GP is the entity that exercises the right to call capital from investors and typically grants security over those rights in connection with the facility.
Citizens Private Bank is rolling out personal loans collateralized by GP and LP interests in venture capital and private equity funds, pushing into the maturing credit market for cash-strapped investors, the bank told PitchBook.
The recording of the Fund Finance Series Webinar, “Market Update & Due Diligence,” featuring Cadwalader's own Leah Edelboim, is now available!
The Fund Finance Association is thrilled to announce the agenda is now live for the 9th Annual European Fund Finance Symposium at Old Billingsgate in London.
Cadwalader is excited to welcome Steven T. Kolyer, a leading securitization and structured products lawyer specializing in commercial real estate finance, to the firm as co-head of the CRE CLO practice, based in New York.
Cadwalader partner Bronwen Jones recently participated in a Loan Market Association (LMA) Fund Finance Webinar titled “In Conversation: An Introduction to Fund Finance.”
New and significant prohibitions against financial transactions between U.S. financial institutions and three Mexican financial institutions are set to go into effect in a little over a month on September 4, 2025. In late June of this year, the Financial Crimes Enforcement Network at the U.S. Department of the Treasury designated (1) CIBanco S.A., Institución de Banca Múltiple, (2) Intercam Banco S.A., Institución de Banca Múltiple and (3) Vector Casa de Bolsa, S.A. de C.V. as “primary money laundering concerns.” As a result, beginning September 4, 2025, U.S. financial institutions will be prohibited from transmitting any funds to or from any Designated FIs. This week, we take a closer look at the implications for the subscription credit market specifically.
Save the date for the upcoming second annual Women in Fund Finance Learning and Career Forum taking place on November 12!
Cadwalader was proud to co-sponsor the third annual Women in Fund Finance golf outing at Dyker Beach Golf Course in Brooklyn, New York.