Last week, the Diversity in Fund Finance group partnered with PENCIL, the NYC-based non-profit whose mission is to provide New York public school students with access to relationships and opportunities with business professionals. In conjunction with PENCIL’s internship program, PENCIL provides hundreds of students with 20+ hours of pre-employment career readiness training. These trainings cover a variety of topics that help equip students with crucial skills needed to succeed at their summer internships.
Join Women in Fund Finance’s global #ChooseToChallenge campaign, starting March 8. Enter as an individual, friends and family team, or corporate team for a 10-day push-up and/or meditation challenge. All donations received will go to the Malala Fund, supporting the right to 12 years of free, safe and quality education for every girl. For more details, click here.
Aberdeen Standard Investments outlined the benefits of a growing trend among middle-aged funds in utilizing NAV lending to fill its liquidity gaps accelerated by the coronavirus pandemic. The coronavirus pandemic caused many middle-aged funds to use their remaining capital to defend portfolio companies' value, leaving them with limited liquidity to continue funding buy-and-build strategies.
Secondaries Investor recently published an article that contained an interesting and detailed discussion about the movement of the market toward NAV facilities over the course of 2020, with some key market players from Investec, Crestline Investors, 17Capital and Hark Capital participating in the article. The article can be accessed here.
Brickfield Recruitment’s latest article tackles the seasonal nature of recruitment in fund finance (as peak hiring in March approaches), as well as the key issue of timing in recruitment. This article is the first in a two-part series from Brickfield on recruitment processes and relationships.
The Lawyer published an article by Jad Nader (Ogier) and Phil Cody (Arthur Cox) comparing fund finance considerations under the legal frameworks of Ireland and Luxembourg. The article details key issues to consider when an Irish or Luxembourg fund is a borrower or other obligor in a fund finance structure, and notes the preferred status of Ireland and Luxembourg as jurisdictions to establish European funds.
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Finance lawyer Alice Wight has joined Walkers' leading Banking & Finance team in Jersey.
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Cadwalader is looking to hire an experienced finance paralegal or NQ to junior-level associate in its Fund Finance group in the London office.
In this episode of Fund Finance Friday: Industry Conversations, Cadwalader partner Samantha Hutchinson is joined by MassMutual Portfolio Manager Dadong Yan to discuss trends and opportunities in the fund finance markets and how institutional capital can play an integral part.
Click ‘Read More’ to listen.
There has been considerable discussion in the market over the last 12 months about how lenders can increase liquidity and manage the risks that can arise through over-exposure to a particular sponsor, sector or product. In this industry discussion, Nathan Parker, a partner in our London fund finance team, considers the options that might be available to lenders from credit insurers by speaking with Rob Lewin and Brad DeLamielleure from the New York office of Tokio Marine HCC.