Brickfield Recruitment’s latest article tackles the seasonal nature of recruitment in fund finance (as peak hiring in March approaches), as well as the key issue of timing in recruitment. This article is the first in a two-part series from Brickfield on recruitment processes and relationships.
The Lawyer published an article by Jad Nader (Ogier) and Phil Cody (Arthur Cox) comparing fund finance considerations under the legal frameworks of Ireland and Luxembourg. The article details key issues to consider when an Irish or Luxembourg fund is a borrower or other obligor in a fund finance structure, and notes the preferred status of Ireland and Luxembourg as jurisdictions to establish European funds.
In this episode of Fund Finance Friday: Industry Conversations, Cadwalader partner Samantha Hutchinson is joined by MassMutual Portfolio Manager Dadong Yan to discuss trends and opportunities in the fund finance markets and how institutional capital can play an integral part.
There has been considerable discussion in the market over the last 12 months about how lenders can increase liquidity and manage the risks that can arise through over-exposure to a particular sponsor, sector or product. In this industry discussion, Nathan Parker, a partner in our London fund finance team, considers the options that might be available to lenders from credit insurers by speaking with Rob Lewin and Brad DeLamielleure from the New York office of Tokio Marine HCC.
Bank of America, as Administrative Agent and Sole Lead Arranger, working with Cadwalader, successfully closed a $4.1 billion broadly syndicated subscription credit facility to funds managed by The Carlyle Group. Pricing for the three-year revolving facility, the largest U.S. ESG-linked fund finance transaction to date, is tied to progress towards the goal of achieving 30% diverse representation on portfolio company boards within two years of ownership.
FFA Chairman Jeff Johnston and FFA Secretary Mike Mascia provide an update from the FFA Board on the current state of the FFA and what to look forward to in 2021. Take a look here.
Cebile Capital will host a panel next Wednesday, February 24 at 11 a.m. EST/4 p.m. GMT covering preferred equity for financial sponsors and limited partners.
Arthur Cox published a briefing on the recent reforms to Ireland’s Investment Limited Partnership (“ILP”) legislation which has resulted in a fit-for-purpose partnership structure being available in Ireland. The article discusses the key features of the recently modernised ILP and how it offers a regulated, tax-transparent structuring solution for private equity, private credit, real asset and other private fund strategies.