Cadwalader Lawyers Contribute to Fund Finance 2020

January 27, 2020

Cadwalader partners Samantha Hutchinson, Michael Mascia, Wesley Misson and Nathan Parker, and senior attorney Amrita Maini, are contributing authors of the recently released Fund Finance 2020, a comprehensive guide to the fund finance market published by Global Legal Insights. Mascia, who co-chairs Cadwalader's Finance Group, also is the contributing editor of Fund Finance 2020.

Mascia and Misson are co-authors of “The State of Play on Overcall Limitations,” a chapter that addresses the key aspects of overcall limitations: formulations of the various types in partnership agreements; data-based market prevalence; mitigants employed by lenders to reduce risk; commercial compromises making headway in the market; and partnership agreement innovations. Read “The State of Play on Overcall Limitations.”

Hutchinson and Maini are co-authors of the chapter on “The Secondaries Market: The Rise of GP-led and Preferred Equity Solutions,” which examines the recent rise in GP-led secondary deals and preferred equity structures; considers how these structures have evolved; and provides insight into how financing can be made available to support these structures and the evolving secondaries market. Read “The Secondaries Market: The Rise of GP-led and Preferred Equity Solutions.”

Hutchinson and Parker are co-authors of the jurisdictional chapter covering England & Wales, which considers the role of English law in fund financings across Europe, as well as the varied structures that have developed in the London market. The authors review the growth of the market since 2000 and provides useful insights, current market data and possible future trends. Read the chapter on England & Wales.