This week, the focus of our Spotlight is on Bryony Widdup, a partner in our London office. Bryony has 20 years of experience advising investment funds and other financial market clients on fundraising solutions.
Sponsor time preference appears to explain constrained exits better than either equity and debt market access or debt cost of funds. Rather than being driven by “a challenging exit environment,” the mass deferral of realizations appears largely to be discretionary and likely a call on future revenue growth versus interest rates. Past decades have rewarded patience as term assets have consistently had the opportunity to exit at benchmark rates below rates at acquisition. The key question is whether this will continue to be a viable long-term strategy.
We'd greatly appreciate your support in the Private Equity Wire US Awards 2026, where we've been shortlisted in the category of Law Firm of the Year: Private Credit and Securities, in recognition of our role in serving lenders to funds.
You can now register for our second annual Fund Finance Securitization and Capital Optimization Seminar, which will be held on Wednesday, October 14 at our downtown New York office at 200 Liberty Street.
The Fund Finance Association (FFA) recently announced the winners of its 2026 awards.
Congratulations to the 13 Hogan Lovells Cadwalader fund finance attorneys who were recognized by in the 2027 edition of The Best Lawyers in America and Best Lawyers: Ones to Watch in America in Banking and Finance Law.
The 2022 Amendments to the Uniform Commercial Code (the 2022 Amendments)—jointly promulgated by the American Law Institute and the Uniform Law Commission—added a new Article 12 governing "controllable electronic records" (CERs) and made corresponding revisions to Article 9's rules on perfection and priority.
Welcome to this week’s Spotlight, where we introduce you to Douglas Gibbs, an English-qualified counsel in our Amsterdam office. Douglas advises funds, banks and sponsors on Dutch and English corporate lending matters across the credit spectrum, drawing on extensive fund finance experience and expertise in green loan and sustainability‑linked financing.
Most of the attention in business development company (BDC) land goes to the publicly traded names, which make up less than a third of the entity count, and the largest 10 names that hold just over half of the sector portfolio at cost. Whether this sample fairly characterizes the sector matters to fund lenders because BDCs provide a window into private credit trends, BDCs frequently appear as borrowers in subscription, NAV, and related financing, and because BDCs are significant LPs in subscription borrowing bases.