Institutional investment allocations, sponsor consolidation, bank-private equity origination partnerships, NAV volume − plenty of long-term themes in this week’s private market news. Here’s what we’re reading.
The FFA APAC Executive Committee will host an Asia-Pacific Fund Finance Market Update on June 13, with fund finance experts providing the latest market updates and discussing trends and APAC fund finance market predictions.
Congratulations to Matt Finn, who has been recently promoted to Director in the Global Fund Banking group in the New York office of Silicon Valley Bank. Matt joined Silicon Valley Bank in 2015 and has extensive banking experience in subscription finance, working closely with onshore and offshore sponsors.
Congratulations to Matt Doyle, who has recently joined Apple Bank in New York as Vice President − Subscription Finance. Matt was previously in Silicon Valley Bank’s New York office, focusing on subscription fund banking.
Our colleague Jeff Nagle, who has appeared in Fund Finance Friday on a number of occasions with his insightful observations on LIBOR transition, has been named Cadwalader's head of Corporate and Commercial Finance.
Happy Mother’s Day to the amazing moms in the fund finance community!
On behalf of all the moms here on the Cadwalader fund finance team, sending kudos to all of you. We are so proud to work alongside you, to represent you, to work across from you, and to collaborate with you. Each of you is an amazing example of someone who does the daily juggle of balancing a demanding career with motherhood. While we may be across the table from some of you on deals from time to time, we always stand shoulder to shoulder with you as fellow working moms and are grateful for this wonderful community.
This week Charlotte partner Trent Lindsay and associate Morgan Dennis connect with Michael Sinclair, Executive Vice President & Head of Fund Banking at M&T Bank.
Two important industry get-togethers are just around the corner: the inaugural Fund Finance Association 2023 Global Leadership Summit and the 7th Annual European Fund Finance Symposium. Hope to see you there!
Pitchbook took a look this week at the growth of NAV financing in an article titled "GPs quench thirst with NAV financing as liquidity dries up."
It was a tremendous honor to represent our Fund Finance team and join my Cadwalader colleagues earlier this week at the inaugural Gotham Ball on behalf of Food Bank For New York City.
Lloyds Bank’s Financial Sponsors team, led by Global Head Jill Wilson, has announced recent promotions, including:
- Jeff Leung promoted to Director, Financial Sponsors North America
- Munraj Grewal promoted to Associate Director, Financial Sponsors UK
- Alastair Smith promoted to Associate Director, Strategic Origination & Partnerships UK