Listed equities are increasingly appearing in European and UK NAV borrower portfolios as sources of liquidity, value preservation and diversification. Here are the key structuring questions lenders should work through when sizing against those assets, from how they are held and controlled to what can make them ineligible for borrowing base credit.
There was plenty to talk about at the FFA's 8th Annual Asia-Pacific Fund Finance Symposium in Singapore earlier this week. The recurring themes — NAV, hybrids, CFOs, rated note feeders and SRTs — highlighted a growing crossover between fund finance and securitisation, and the vocabulary of the event gave a useful indication of where the market may be heading next in APAC.
Hogan Lovells Cadwalader's Wes Misson and Jed Miller explore what the shifting relationship between banks and private credit could mean for the future of the market in a newly published chapter in Private Credit Laws and Regulations 2027.
We’re excited to sponsor the Women in Fund Finance (WFF) Charlotte Winter Reception on Tuesday, December 1 — the evening before our 10th Annual Finance Forum.
Portfolio-backed lending is increasingly becoming a route to liquidity in Asian fund finance — but the cash behind those portfolios often has to climb through foreign exchange control restrictions, a currency mismatch and a stack of holding companies before it reaches the lender. Here's how to size what a fund's reported NAV can actually service across the region.
Counsel - Cayman Islands and British Virgin Islands
Rated note feeders are featuring with increasing frequency in the Cayman market as sponsors continue to attract insurance capital to their fundraising strategy. In this article, Mourant's Cayman Islands team explores some of the considerations for subscription facility lenders when catering for rated note feeder entities formed in the Cayman Islands.
We're looking forward to participating in the Fund Finance Association's 8th Annual Asia-Pacific Fund Finance Symposium this Wednesday, November 4, in Singapore. We'll have a robust presence at the event, from our role as sole sponsor of the Welcome Reception, to Doug Murning's panel on NAV financing, to a private rooftop reception for clients and colleagues.