The FFA’s NextGen APAC team announced a virtual event titled “Views on Professional Development” for July 8 at 3 p.m., Hong Kong time. For more information or to register, click here.
Brickfield Recruitment has started a new series of articles intended to provide in-depth, personal perspectives on developing a career in fund finance. In this article, Brickfield interviews Travers Smith's Katie McMenamin, who gives some fascinating insights into her career and her firm’s approach to training and career development.
Wells Fargo is hiring for a Vice President for its Subscription Finance team. For information, click here.
Alessandra McKell joined First Republic Bank in New York as Managing Director in the Private Equity Funds Group, where she will continue to provide capital call financing, GP finance and management company lines to Funds in the region.
The fund finance markets continued their healthy clip into June, with activity levels remaining elevated. Below are our observations since my last update.
Gary Gensler, Chair of the SEC, delivered prepared comments to the Financial Stability Oversight Council on June 11, in the main reiterating that the SOFR index is based on a large number of observable transactions but also criticizing the Bloomberg Short-Term Bank Yield Index (BSBY) as a LIBOR alternative.
The FFA’s Women in Fund Finance group has announced several upcoming virtual events, including two next week. WFF US: Women in Boston will host a panel discussion titled “A Focus on DE&I in Fund Finance,” while WFF Europe will host a breakfast discussion event titled “Raising Your Professional Profile."
Private Funds CFO this week covered Stifel’s fund finance business expansion to the West Coast and its hiring of Charlie Smith. The subscription-required article is available here.
The Drawdown ran an article this week written by Michael Mbayi of Wildgen and Thomas Hallett of Barclays on how private equity funds can embrace ESG fund finance solutions. The subscription-required article is accessible here.
Scott Aleali and Jeff Maier hosted an episode of Fund Fanatics this week featuring Michelle Kleger, a Vice President at Kensington Vanguard National Land Services, LLC, for a discussion on the reopening of New York City, trends in commercial real estate and mindfulness. To view the episode, click here.