Cadwalader’s Tax Group takes a look at the newly proposed IRS carried interest regulations and their implications.
Private Equity International reports on the impact of COVID-19 on carry expectations as a result of plunging asset values and delayed exits, and how GPs could look to external financing to plug the gap between delayed carry and commitments to future funds.
In today’s Fund Finance Friday: Industry Conversations, Cadwalader's Samantha Hutchinson hosts Stephen Quinn of 17Capital to discuss liquidity solutions during the COVID-19 era.
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Fund finance facilities often provide for the issuance of letters of credit in addition to loans. Such letters of credit are customarily secured by the same collateral pari passu with loans. In syndicated facilities, each lender may agree to participate in the letter of credit liability pro rata to their commitments.
Secondaries Investor reported on the significant uptick in volume of preferred equity transactions in H1, demonstrating that preferred equity solutions continue to be an increasingly important part of the fund finance market.
Haynes and Boone partner Albert Tan moderated a Privcap Podcast earlier this week and, along with guests Jeff Johnston, Head of Asset Management at Wells Fargo Bank and Chair of the Fund Finance Association, and Jonathan Peiper, a Managing Director and Head of Subscription Financing at Mizuho Americas, discussed the fund finance market and provided some market observations amid the COVID-19 pandemic.
The Drawdown has announced its shortlist for the 2020 Private Equity Service Provider Awards, which recognize private equity service providers across multiple categories. Cadwalader is honored to be named a finalist in the “Advisory/Consultancy: Fund Finance” category.
Here's a look at what we're reading outside the four corners of fund finance.
Here's a look at what we might expect to see in Fund Finance for the second half of 2020.
Here is an opportunity to take a step back, to look at the history behind Cayman’s growth, and to consider, following the recent introduction of the Private Funds Law, whether those same underlying, historical reasons still apply and what “business as usual” may look like going forward.