The Drawdown has announced its shortlist for the 2020 Private Equity Service Provider Awards, which recognize private equity service providers across multiple categories. Cadwalader is honored to be named a finalist in the “Advisory/Consultancy: Fund Finance” category.
Here is an opportunity to take a step back, to look at the history behind Cayman’s growth, and to consider, following the recent introduction of the Private Funds Law, whether those same underlying, historical reasons still apply and what “business as usual” may look like going forward.
In this week’s FFF: Industry Conversations, Taylor Johnson of Nuveen Investments joins Cadwalader’s Mike Mascia and offers his fund finance and property-level market observations, including where he sees gaps in available lender-side supply and where he thinks banks could innovate to bring value to fund borrowers in the current environment.
Join Women in Fund Finance on Monday, August 10 for a virtual fireside chat with Shellye Archambeau to discuss Unapologetically Ambitious, her upcoming book on how to achieve your personal and professional goals.
Private Funds CFO published an article on London-based 17Capital entering into a partnership with a significant American institutional investor to create a $1 billion NAV-lending platform. This is yet another indication of the continued growth of NAV-based lending and its increased popularity going forward. Click here to read the full article.
Private Funds CFO featured an article this week in which Fried Frank partners Kathryn Cecil and Jons Lehmann cover sustainability-linked financings, including ESG-linked subscription lines, and highlight helpful considerations for negotiating ESG-related terms. The article provides insight on the increasing popularity of sustainability-linked financings, addresses the search for consistent ESG standards and describes emerging themes. Click here to read the full article.
The Fund Finance Association announced a new monthly FFA Market Update webinar via Zoom. This monthly series will share current information in the Fund Finance space amid the rapidly changing world.
In a previous FFF article, we discussed the due diligence scope and content for GP facilities where security is taken over the GP profit share. As mentioned in that article, we are increasingly seeing facilities being made available to management and executives of a fund for the purpose of the executives funding their commitment as LPs of co-invest vehicles. This raises very different considerations to subscription facilities and also a different set of considerations to facilities relying on the GP profit share.