Private Equity Perspectives: Episode Three – Interest Rates and PE Deals
NGE On Demand: Profits Interests: Granting & Receiving with Patty Cain and Josh Klein
Bracing For Change: A Look Ahead To 2021
Williams Mullen's COVID-19 Comeback Plan: Identifying IP Opportunities in Today’s Economy
Episode 021: Member Liquidity, Default Rules, and the Corporate-ization of LLCs: A Conversation with Dean Donald J. Weidner
Podcast: Credit Funds: 1940 Act Interval Funds
Regulators Tackle Board Effectiveness and Overdrafts
The second iteration of the AIFMD II introduces new requirements for EU alternative investment funds (AIFs) and their managers (AIFMs). AIFMD II came into force on 15 April 2024, and EU member states are required to transpose...more
This year’s Venture Capital Report offers a detailed review of US venture capital financing and liquidity activity and discusses key factors that will shape the coming year. We discuss SAFE financings and decisions that can...more
This Legal Update explores the considerations that a warehouse lender should bear in mind when deciding whether to provide borrowing base credit for participation interests and defining eligible participation interests....more
On April 7, the FDIC announced a proposed rule implementing certain requirements and standards promulgated by the GENIUS Act (covered by InfoBytes here). The rule would establish a prudential framework for FDIC-supervised...more
State regulators are accelerating efforts to impose bank-like prudential standards on nonbank mortgage companies—a shift that could materially reshape governance, liquidity expectations, and supervisory scrutiny across the...more
Once referred to as “zombie funds,” continuation vehicles (CVs) have been firmly established as part of the toolkit for a private capital sponsor to achieve an “exit” for investors....more
For founders and executives at venture-backed startups, equity is often the centerpiece of compensation – and the primary driver of long-term wealth. But unlike cash compensation, that equity is typically illiquid for years....more
The UK Prudential Regulation Authority (PRA) has published consultation paper CP5/26 proposing reforms to modernise the existing prudential liquidity framework, taking into account advances in digital banking, payments and...more
Subscription credit facilities have long been a staple of traditional private equity fund finance, but their application to business development companies (“BDCs”) and interval funds deserves fresh attention, particularly...more
On 17 March the UK’s Prudential Regulation Authority (PRA) published a Consultation Paper on “Modernising the liquidity policy framework” (CP5/26), which is an ambitious salvo aimed at making “targeted and proportionate”...more
The Luxembourg Financial Sector Supervisory Commission (CSSF) has clarified how fund managers must comply with new liquidity management rules introduced by the Law of 3 March 2026. Firms have until 16 April 2026 to notify the...more
Market uncertainty has dominated international economic headlines since the commencement of regional hostilities in the Arabian Gulf in late February. In our previous article, we highlighted the current legal considerations...more
On March 3, in remarks at a roundtable on bank liquidity, Treasury Under Secretary for Domestic Finance Jonathan McKernan called for significant reforms to the liquidity coverage ratio and the broader bank liquidity...more
You’ve built a successful business, and with that comes opportunity - but also complexity. Our invitation-only event features a collection of attorneys, M&A professionals, CPAs, and investment advisors, together with a select...more
What Happened? On February 10th, the U.S. Government Accountability Office (the GAO) published a report on nonbank mortgage servicers’ financial risk due to their growing role in the U.S. housing finance system, titled...more
As the family office principal, you likely do not live in the weeds of fund documents. However, you do need clarity on the handful of issues that most directly affect your wealth, influence, and legacy....more
One early 2025 survey reported that about a third of family offices intended to increase their allocations to private credit during 2025 and 2026 – the highest among alternative asset classes....more
Family offices may from time to time be presented with opportunities to invest in venture capital funds. Although venture capital and private equity funds traditionally share the same broad closed-end fund architecture, they...more
Reports suggest that most family offices allocate capital to alternative assets, with a good portion of that capital flowing into hedge funds. As compared to other private fund categories, hedge funds offer investors relative...more
In the current uncertain economic environment, navigating complex capital and credit market conditions has become a core pillar of effective corporate stewardship. Boards of directors (responsible for enterprise-wide risk...more
You have probably seen “shadow banking” and “private credit” splashed across recent financial headlines. While they may sound like buzzwords, these terms, and the market structures behind them, are not new....more
Hybrid funds often have bespoke, highly variable terms, including for capital calls, liquidity mechanisms, redemption rights, fee structures, governance, reporting, and more....more
Businesses under financial stress rarely have a single “right” answer—especially in today’s environment of tighter credit, contested valuations, and heightened litigation risk. In this one-hour, practical CLE, Keith Banner...more
Once an arcane corner of the capital markets, liability management exercises (LMEs) have become a mainstream restructuring tool. Of course, LMEs are not available to every borrower — the ability to execute one depends on loan...more
It is no secret that in a challenging environment for fundraising and exit opportunities there has been a growing appetite for evergreen structures from investors and fund managers. For investors, evergreen vehicles...more