Side letters have gone through a massive and largely unspoken transition over the last four to five years. From a position where a few investors in a closing might have quite short side letters dealing with niche issues we...more
The year 2023 presented the fund finance industry with many challenges that it rose to face with an inventiveness and rigour that showed just how mature and multi-faceted the market has become. At Cadwalader in London we saw...more
1/5/2024
/ Borrowers ,
Credit Agreements ,
Credit Facilities ,
EU ,
Financing ,
Investment Funds ,
Investment Management ,
Investment Portfolios ,
Investors ,
Lenders ,
Loans ,
NAV ,
Popular ,
Private Equity
FFF: There is a lot of discussion around the growth of the fund finance market, and it is fair to say that the market has grown significantly, particularly in the PE NAV space – both in terms of participants and structures....more
We are now only a few weeks out from the inaugural Fund Finance Association 2023 Global Leadership Summit, which will bring together sponsors, borrowers and their advisers for what promises to be an interesting and productive...more
It’s that time of year again when conversations are dominated by reflections on our market’s performance over the last 12 months and expectations as to what 2023 will hold for our industry....more
12/19/2022
/ Borrowers ,
Credit Agreements ,
Financing ,
Investment Funds ,
Investment Management ,
Investment Portfolios ,
Lenders ,
Loans ,
NAV ,
Popular ,
Private Equity
The Fund Finance Association European Symposium was held this week in London, bringing the industry together in Europe for the first time since 2019. The event was a tremendous success, with a packed agenda spanning three...more
Minority lender roles in transactions come up frequently and generally don’t warrant specific comment where there is a diverse lender base or established lender relationships, but sometimes the facility holdings are such that...more
The role of the various management/administrative players in a Luxembourg fund structure has become increasingly complicated, so this week Fund Finance Friday took the opportunity to talk with Antoine Fortier Grethen, head of...more
I was pleased to be joined on the phone this week by the core fund finance and ESG sustainability team from Rabobank: Diana van Lieshout, Head FI Lending & Fund Finance; Wouter König, Associate Director FI Lending & Fund...more
There has been considerable discussion in the market over the last 12 months about how lenders can increase liquidity and manage the risks that can arise through over-exposure to a particular sponsor, sector or product....more