When taking security in a NAV facility, borrowers often operate within a corporate structure where portfolio investments are held by holding vehicle subsidiaries. These holding vehicles serve various purposes, including tax efficiency, risk management, and creating specialized structures for co-investing and accessing new markets.
Two recent reports—one by the IMF and another from the Philadelphia Fed—assess credit risk transfer (CRT) transactions and conclude that the product serves as a useful tool in reallocating credit risk and optimizing risk based capital costs for banks. Both report that banks are leaning on CRTs to move portfolio credit risk, free capital, and sustain lending growth.
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With the growth of fund finance we have all observed cross-over between areas such as securitization, structured finance, and the insurance sector, blurring the lines between historically separate areas. The next frontier is rapidly coming into focus: crypto. It would be unwise to try to forecast exactly how the relationship between crypto and fund finance will evolve but in the Cayman Islands, which is somewhat of a 'sandbox' for virtual asset experimentation and innovation, we are already thinking about virtual assets in the fund finance context. While crypto presents some challenges to fund finance, it may also provide some novel solutions.
We’re excited to introduce the stellar lineup of moderators for Cadwalader’s 2025 Finance Forum. We can’t wait to see you on Wednesday, October 29 at the JW Marriott in Charlotte as we bring together the brightest minds in the industry for a one-of-a-kind gathering that's all about forging connections, exploring unique perspectives and taking your network to the next level.
Cadwalader is pleased to announce the events taking place during Charlotte Fund Finance Week, October 28–30 in Charlotte, NC, in collaboration with the Fund Finance Association. This year’s program promises to be a premier gathering for the fund finance community, bringing together education, insightful discussions, deal perspectives, and valuable networking, all in the heart of Charlotte!
Fund Finance Cares and the Fund Finance Association are excited to announce the inaugural Putter & Paddle Classic will take place on Thursday, October 30 in Charlotte, North Carolina! This unique event brings together two great games, golf and pickleball, for a day of fun, friendly competition, and community.
Join Scott Aleali, Head of Private Equity Finance at Citizens Bank, and Jeff Maier, Senior Managing Director - Private Equity Finance at Citizens Bank, with special guest Taylor Robinson, Partner at Lexington Partners— a market leader and pioneer of the secondaries industry— for the latest Fund Fanatics episode.
