Silicon Valley Bank is looking for an Associate for its Global Fund Banking Team in its Chicago office.
Morgan Stanley is seeking to hire a high-potential Lending Transactor.
Here are updates to our Fund Finance Calendar.
Today marks the 36th edition of Fund Finance Friday, and we are pleased to introduce fundfinancefriday.com, a new website designed to allow easy access to all of FFF’s substance.
Update on 1st half volume, ILPA Principles 3.0 and FFA University.
This week we interview Scott Aleali, who is a Managing Director and leads the Private Equity Finance team in New York at First Republic Bank. His expertise includes commercial and private banking liquidity solutions for private equity management companies and their funds, investment vehicles, portfolio companies, GP/Co-Investment entities, and individual partners and principals. Prior to joining First Republic, Scott was a Managing Director at Silicon Valley Bank, where he spent 10 years banking and structuring credit solutions for private equity and venture capital firms and their portfolio companies. Scott earned his bachelor’s degree in finance, real estate and law from California State University, Long Beach.
The opportunity set for non-bank lenders in fund finance is an occasional conversation piece around here, with a loose consensus that margins in the vast majority of the market just don't pencil out for anyone other than maybe so-far untapped insurance or money manager sources of capital that comp to triple-A structured products. Dyal Capital Partners is breaking ground with a strategy that targets high single-digit returns by lending to sponsors on terms of 10 years or longer, according to a Wall Street Journal report.
Law360 recently featured an article on subscription finance, drawing insight from the team at Ropes & Gray LLP and Y. Shukie Grossman at Gibson Dunn & Crutcher LLP.
Ogier recently published “Fund Finance Lending: A Practical Checklist.” The article details practical considerations involved in structuring a subscription facility.
Buyouts earlier this week published an article titled “Court Square offers LPs option to commit to fund with subscription line," reporting that for Court Square’s Fund IV, investors will have an option to commit to a structure with – or without – subscription financing.
PEI recently published “Credit Lines: An ‘Unlevered’ Version Of IRR Could Be Less Useful Than Hoped.”