Triago, a private equity placement agent, portfolio sales agent and strategic advisor, last week published The Triago Quarterly, which included a round table “on subscription line financing abuse and what should be done about it.”
Credit funds, according to an article in Private Equity International, are increasingly interested in lending to funds. Rather than competing head-on with banks, the story is one of carving out a niche where expertise and returns align.
On February 1st, Private Debt Investor published an article titled “Walking a fine sub-line.” The article focuses on the growth of the private debt markets and the resulting growth of subscription finance. Jeff Johnston of Wells Fargo was quoted extensively. The subscription-required article can be accessed here.
ING Posts Associate/VP Opening in London
Square 1 Bank Equity Funds Job Posting
Commonwealth Bank of Australia Fund Finance Job Posting
SMBC Subscription Secured Finance Job Posting
Cadwalader Seeks Fund Finance Associate
Here are some updates to our Fund Finance Calendar.
As assets mature in aging funds, both GPs and investors alike are seeking ways to unlock liquidity. GP-led secondary transactions have become an increasingly popular way of achieving this. We review types of GP-led transactions, considerations and potential pitfalls.
We are frequently getting ERISA questions from our Fund Finance banking clients, often in Europe where U.S. retirement plans have increased their investment allocations in recent years. Here, we provide a high-level overview of ERISA and its implications in Fund Finance. In later editions, we will detail the specifics around the relevant issues, including the exemptions that can help to keep banks in the clear.
The Next Generation in Fund Finance sub-group of the FFA formally launched in Europe with a panel session at Cadwalader’s offices in London earlier this week.
This week the Fund Finance Association’s Next Generation initiative announced its inaugural event in New York. The networking reception is open to junior bankers and lawyers and will take place the evening of Thursday, February 21 at 7:00 pm at First Republic Bank’s office at 1230 Avenue of the Americas. For information about the event or to register, click here.
Cadwalader invites you to join us for cocktails and hors d'oeuvres at Scarpetta at the Fontainebleau Miami Beach from 8 - 11 pm on Sunday, March 24 to kick off the 9th Annual Global Fund Finance Symposium.