Earlier this week representatives from across the globe provided an FFA webinar covering market updates from U.S., European and Asian perspectives. The webinar provides a market update from panelists of trends during 2021 and a market outlook for 2022. A replay is available here.
FFA NextGen North America last week held its first in-person networking event since the pandemic. Thirty young professionals representing funds, banks and law firms were able to reconnect and make new connections over a cocktail-making class.
Brickfield Recruitment has posted an article on its website discussing the state of the fund finance market in 2021 from a recruitment perspective. The article covers the global perspective and looks at trends in the U.S., UK, Europe and Asia as well as anticipating 2022. To review, click here.
The active underlying deal environment comingled with the December 31st LIBOR transition deadline combined to make November the busiest month in the history of Cadwalader Fund Finance. We have no doubt that’s been the case across the market as a whole, for virtually all institutions and regions. Here are our short-take market observations as we lean into the tape at the finish line.
The FFA and Diversity in Fund Finance would like to further support and recognize individuals in the industry for their outstanding overall contributions to furthering diversity, equity and inclusion (“DEI”) efforts in the fund finance market, their workplace and/or the broader community. To this end, they’ve created a brand-new initiative, “DEI Emerging Leaders,” through which successful nominees will receive one complimentary ticket to the FFA Global Symposium in Miami this February. To learn more about the program criteria and to make a nomination by the December 17 deadline, please click here.
Register for this coming Tuesday's (Dec. 14) FFA Global webinar that will feature representatives from around the world as they reflect on the market and trends we have seen in 2021. The panel will also include a quick preview of what to expect at the Global Conference in Miami in February 2022. Speakers from Private Equity, Private Debt, PE Secondaries and other asset classes will discuss their 2022 Fund Finance outlook. Visit here for more info and to register.
Women in Fund Finance announced a special networking lunch for Wednesday, February 16, in connection with the Fund Finance Association’s 11th Annual Global Fund Finance Symposium in Miami. The event, which welcomes female and male members of WFF and the FFA, is open for registration here.
The Structured Lending team at BNY Mellon is hiring for Analyst and Associate positions to support the origination, underwriting and portfolio management efforts of the Subscription Finance team. The roles will be based in New York, and each call for a Bachelor’s or Master’s degree and prior experience in subscription finance.
The Morgan Stanley Tailored Lending division is looking for a Vice President to help manage a portfolio of Capital Call Subscription Finance loans.
Annabella Kwei recently joined Stifel Bank’s Venture and Fund Banking Group to support Stifel’s initiative to grow its presence in fund finance in North America. Annabella provides sponsors across all asset classes with financing, such as subscription lines, management company lending and GP capital commitment finance. She will also be building relationships with sponsors focused on technology, healthcare and other verticals that are strategic to Stifel’s venture banking, investment banking and wealth management platform.
Congratulations to Cadwalader’s Wes Misson for being recognized in today’s launch of the 2021 Financial Times North America Innovative Lawyers Special Report. In the Sustainability category, Wes was featured for his representations on nine environmental, social and governance (ESG)-related fund facilities in the U.S. since the start of 2020. The FT gave a shout-out to Wes’ work earlier this year advising Bank of America on a $4.1 billion ESG-linked credit facility tied to Board diversity for funds managed by The Carlyle Group.