Welcome to this week's Spotlight, where we'd like to introduce you to Dr. Julian Fischer, a partner in our Frankfurt office. Julian has more than 20 years of experience in structured finance and fund structures and possesses deep knowledge and expertise at the interfaces of financial, capital market, and financial supervisory law.
Net Asset Value (“NAV”) facilities (loans secured by a fund’s underlying investments, rather than by investor commitments) are increasingly being used at the fund level, often alongside subscription facilities that are already in place.
Welcome to this week's Spotlight, where we have the pleasure of introducing you to Ariane Mehrshahi Marks, a partner in our Luxembourg office with nearly 20 years' experience in the Luxembourg finance sector. Ariane heads the firm’s capital markets and finance practice in Luxembourg. Her practice covers various types of loan financing, refinancing, and restructuring, including fund finance.
Ogier's Banking and Finance team in Dublin has published an article examining the Irish Transposing Regulations and how they may affect market participants.
Sponsors and lenders are constantly looking for new avenues to broaden the capabilities of subscription credit facilities. Particularly with larger facilities, sponsors are more willing to front-load additional costs of implementing more complex mechanics to help maximize flexibility and future efficiency, with the view such front-loading will ultimately reduce costs over the life of the facility.
Don't miss the inaugural FFA Fall Forum, where senior fund finance professionals and private equity sponsors will examine the strategic shifts and evolving dynamics of today’s global markets.
This article explores whether investors in a private capital fund may lawfully refuse to meet capital-call demands based on alleged breaches by the General Partner (GP) of the limited partnership agreement (or equivalent constitutional document) or any investor side letters, referred to collectively in this article as the Fund Documents. This can be a critical issue for lenders of subscription line facilities which rely on the investors funding their uncalled capital to repay the loan facility.