While advising on cross-border financings involving Irish funds, a type of Irish vehicle we see used in fund structures is a limited partnership formed under the Irish Limited Partnerships Act, 1907.
The 9th Annual Cadwalader Finance Forum will take place on Wednesday, October 29, in Charlotte!
Cadwalader is proud to host the Celebrating Women in Structured Finance Summit 2025 at our New York office next week, in conjunction with Opal Group.
Registration is now open for the upcoming Women in Fund Finance and NextGen networking reception in Charlotte on Tuesday, October 28.
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.
Cadwalader is thrilled to share that Fund Finance Senior Associate, Olivia Stewart, was recently recognized by the Fund Finance Association (“FFA”) as a “Rising Star” for 2025.
Please join us in welcoming Danny Grossberg, Tristan Robinson and Joe Zekich to Cadwalader.
When taking security over a portfolio of investments in a NAV facility, it may be difficult or costly to take security over the borrower’s investments. A common solution is to implement what we refer to as the SPV pledge. Instead of getting a pledge of the investments directly, the SPV pledge entails a pledge from a fund (the “Fund”) of its ownership interest in a wholly-owned special purpose vehicle (an “SPV”) that in turn owns the investments themselves. The SPV pledge will also typically entail the SPV pledging its bank accounts to the lenders to which the distributions and sale proceeds in respect of the portfolio investments are required to be paid.
This article provides an overview of the SPV pledge and highlights some of the advantages and considerations that lenders should be aware of for its effective implementation.
The Loan Market Association has published the fifth piece in the series of Fund Finance Insights papers. This latest piece focuses on Fund Finance Ratings: Behind the Scenes.