Oct 18, 2018
Jeremy Cross comments on the rising number of banks that are joining the booming fund finance market as private equity firms raise larger and larger funds and need bigger subscription facilities.
An excerpt from "Banks Pile Into Fund Financing," Private Equity International, October 18, 2018:
"If you look around the market now it's quite hard to find a bank or lender that is not involved in the market," noted Jeremy Cross, a partner at law firm Cadwalader. "The market has hugely expanded for many reasons, and that has been to the benefit of the private equity industry and the banks who lend into that."
Dorothy Auth, Danielle Tully, Michael Sebba
Joel Mitnick, Ngoc Hulbig
Kyle DeYoung, Lex Urban, Stephen Weiss