Citi hosted the Fund Finance Association's fourth NextGen event, a problem-solving activity aimed at providing a local charity with workable solutions to a problem it is facing.
The FFA announced this week that the 3rd Annual Asia-Pacific Conference in Hong Kong scheduled for September 25 is proceeding as planned.
Below is a look at what we are reading this week outside of the four corners of Fund Finance.
Here are updates to our Fund Finance Calendar.
As we have discussed previously in this series, subscription financings usually adopt a borrowing base approach or a coverage/leverage approach to calculating investors’ available commitments.
The State of Delaware recently made meaningful amendments to the Delaware Revised Uniform Limited Partnership Act (“DRULPA”) and the Delaware Limited Liability Company Act (“DLLCA”) that will impact fund finance transactions. The amendments became effective on August 1, 2019.
Results of another study on the impact of subscription facilities on fund IRR was published this week, this time in Private Equity International by guest contributor Christopher Jackel of Montana Capital Partners.
Preferred equity is gaining ground as a financing tool that allows LPs or GPs to accelerate liquidity against fund assets while retaining ownership and upside potential.
Earlier this week, Private Debt Investor published an article titled “Under the Hood of Fund-Level Leverage,” written by Neil Rudd, Senior Managing Director and Chief Operating Officer of NXT Capital, a commercial finance company.
Women in Fund Finance is pleased to hold the second "Wit & Wisdom Series" meeting in London, connecting senior women in the fund finance industry with junior members for intimate breakfast discussions.