The FFA held its annual Global Leadership Summit this week at the Pine Cliffs Resort in Albufeira, Portugal. Set atop a scene of cliffside ocean vistas and perfect weather, some of the top leaders in the industry across banks, fund sponsors, law firms and other service providers gathered to share thoughts on the current and future state of the global fund finance market.
Join us in just one month on October 23 in Charlotte as we bring together the brightest minds in the industry for a one-of-a-kind event.
Join Scott Aleali, Head of Private Equity Finance at Citizens Bank, and Jeff Maier, Senior Managing Director - Private Equity Finance at Citizens Bank, with special guest Mark Lehmann, CEO of Citizens and President of Citizens California for the latest episode of Fund Fanatics!
As many already know, I recently returned to the office after taking parental leave to be home with my baby girl. In my first Fund Finance Friday article since returning from leave, I would like to take this opportunity to express my gratitude to my colleagues, clients and Cadwalader for supporting me in stepping away to be with my family. I am also using this platform to share some wisdom with those who may not think that it is possible to be a parent with multiple children and have a successful career in Big Law.
Join us on October 23 in Charlotte as we bring together the brightest minds in the industry for a one-of-a-kind event.
Liquidity solutions are a topic du jour in fund finance. With bank balance sheets somewhat restricted by macroeconomic concerns and risk-weighted asset regulations, fund finance borrowers and lenders have sought creative ways to put capital to work. One construct that may open up this optionality is the tranche B facility, a subordinated line of credit that sits within the same transaction as a senior revolver or term loan. This article explores the basic tenets and nuances that may be negotiated for constructing a tranche B facility in your deals.