A couple of short updates as we head into the week that every deal in the market has targeted for closing.
In this episode of Fund Finance Friday: Industry Conversations, Evelyn Zhang of Partners Group joins Cadwalader partner Samantha Hutchinson to discuss how the secondaries market has been impacted by COVID-19.
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In this episode of Fund Finance Friday: Industry Conversations, RBS International's Spencer Goss joins Cadwalader partner Jeremy Cross to compare and contrast the Fund Finance market pre- the Great Financial Crisis in 2008/2009 to the market today.
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Scott Aleali and Jeff Maier hosted guest fanatic Mike Mascia on their newly released edition of Fund Fanatics. Go Panthers!
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Cadwalader Fund Finance special counsel Trent Lindsay was promoted to Partner this week. Trent represents many of our lender clients and other credit providers in subscription facilities, management fee lines, partner loan programs, NAV facilities and hybrids. |
The FFA this week opened registration for the European FFA University, which will be held virtually on Thursday, February 4, 2021.
For those in search of a little light reading over the holidays, law firm Carey Olsen recently published a helpful review of developments and trends in the offshore fund finance market over the past year.
Fitch Ratings has published its 2021 outlook for Private Equity Collateralized Fund Obligations, with an overall outlook of "Stable."
Duane Morris has published a thought leadership piece on the financing needs and objectives of real estate funds. The article provides a summary of key characteristics and the key advantages of the various products.
As mentioned in the most recent edition of Fund Finance Friday, the Cayman Islands Monetary Authority (“CIMA”) has recently issued its Statement of Guidance on Non-Fund Arrangements (the “SOG"). If you are having a busy December and want to think less about Cayman issues, you can do so – the SOG doesn’t introduce any substantive changes to how the market has been operating and classifying entities since the coming into effect of the Private Funds Law (“PF Law”), and it won’t have any material effect on the way transactions have worked where the issue is of relevance.