Last Thursday, there was a lot of purple (and rain!) as Women in Fund Finance co-hosted the first FFA event of 2023, along with Cadwalader, Wickersham & Taft and Wells Fargo, kicking off the year with an exciting evening of cocktails and a conversation with Jenn Toyzer, Co-Founder and CEO of UME Plum Liqueur.
ESG in 2023: Fund Finance experts discuss the evolution of ESG, its growing significance to both funds and lenders, and share predictions for the new year. The article is available here.
Private Funds CFO this week published an article on financing the GPs themselves, including detail on the collateral packages and recourse structures GPs will likely be asked to provide from lenders. The subscription-required article is accessible here.
JPMorgan Chase is looking to hire both a vice president and an associate for its Alternatives − Private Credit Secondaries team.
At the beginning of the year, everyone’s LinkedIn newsfeed was flooded with alerts about members of their network updating their profiles with new titles following end-of-year promotions. As newly promoted women partners on the Cadwalader fund finance team, we were incredibly excited to be among those sharing wonderful and exciting career news.
With the pending cessation of panel LIBOR on June 30, 2023, the LSTA’s Tess Virmani and Meredith Coffey recorded a video with Cadwalader partners Lary Stromfeld and Jeff Nagle that discusses the LIBOR transition, synthetic LIBOR, how the LIBOR Act and Final Rule may fit into remediation plans, and how LSTA members might consider analyzing their credit agreements for remediation. You can access the video and slides here.
In dealing with Luxembourg funds, questions frequently arise about whether the GP alone or together with the AIFM or IM may engage the fund in a credit line. Do these entities need to sign the documentation or provide a prior approval? What is the role of the depositary or custodian in these transactions? In this article in Chambers, Jad Nader and Fabiana Popescu from Ogier's Luxembourg fund finance team answer the question on who's at the helm in Luxembourg funds and offer an insight into the role of each player in the fund.
On Wednesday, February 15, Women in Fund Finance is hosting a virtual discussion with The Band of Sisters, who authored the book "You Should Smile More," which encourages women and all allies of women to dismantle the gender bias in the workplace and everyday life and be a force for change. Learn more and register here.
Cadwalader’s London Fund Finance team has continued its recent expansion with the hire of Nathan Buckley and Duarte Reis.
In recent years, CFOs and rated feeders have grown in popularity as fund sponsors look to generate increased returns for investors and more traditional fixed income investors seek exposure to non-traditional asset classes such as private equity and secondaries funds. In this presentation, we discuss a number of high-level issues and considerations that should be addressed by fund sponsors when contemplating a CFO or rated feeder structure.