The FFA Next Gen New York team is pleased to announce an upcoming panel on the “New Normal” in New York Real Estate on Tuesday, October 20 at 10:30 a.m. EST. This panel will bring together seasoned finance and commercial real estate veterans to share their experiences and insights into the state of play for New York’s commercial real estate market during the COVID-19 pandemic.
Brickfield Recruitment, the only talent acquisition company specialising in the fund finance sector, has made its Fund Finance Bankers Compensation Report, originally published in 2019, available for free download in PDF format from its website.
ANZ is looking for an experienced (7+ years) fund finance specialist to join the Research & Analysis team within the Financial Institutions Group, based in London. R&A supports deal structuring and credit process.
As financing activity in the hedge fund and private equity fund space continues at a robust pace, we are seeing a significant volume of requests for more bespoke financings. Among those requests has been a steady stream of inquiries and questions from lenders regarding management fee facilities. We discuss below what a management fee line is and highlight some of the issues we frequently discuss with clients looking to provide such facilities.
The Cayman Islands was removed this week from the European Union’s list of non-cooperative jurisdictions for tax purposes. See, all of those Cayman Islands PF registrations were important! Congrats to all the Cayman legal teams that have worked so hard this year for this successful outcome. Many of the Cayman law firms published updates this week.
S&P recently posted two out of a planned three-part blog series on Alternative Investment Funds. The series provides statistics on the growth in private markets and a high-level overview of fund finance, as well as links to S&P Global Market Intelligence’s AIF Credit Assessment Scorecard, which is a tool designed to help drive a PD/LGD analysis of funds and fund facilities.
Luxembourg law firm Wildgen this week announced that it is hosting a Fund Finance webinar on ESG on October 20th. Speakers include Michael Mbayi of Wildgen, Vicky Du of Standard Chartered, Guillaume Ferrer of Credit Agricole, Jonathan Harvey of Investec and Katie McMenamin of Travers Smith.
The Financial Times recently published an article titled “Coronavirus triggers borrowing spree by private equity managers; Demand surges for bespoke loans to ensure leveraged strategies survive health crisis.” The article discusses reported recent growth in NAV lending, including repeating the narrative that credit is being used in ways that do not foster alignment between fund sponsors and investors.
Richard Wheelahan, Co-Founder and Managing Director at Fund Finance Partners, was recently selected as one of Private Debt Investor’s Rising Stars. Each year, PDI spotlights individuals under 40 who have demonstrated noteworthy leadership and innovation in the private debt industry.
Citibank, Brickfield Recruiting and Cadwalader have posted jobs for experienced fund finance professionals in this week’s FFF.
Click “Read More” to review the postings.