We kicked off the Player Profile series earlier this year to connect our readers with leaders in the fund finance industry. This week we catch up with Gail Boyle on the current state of the market, career advice and the fund finance outlook. Gail is a senior banker in the Fund Finance space for MUFG Union Bank. Her clients and her practice are primarily centered in the Western U.S., and focuses on banking of Private Equity GPs via their specific fund borrowers – a highly successful, growing practice for the bank.
Cadwalader continues to take a leading role in the development of fallbacks and replacement benchmark rates for LIBOR. As part of this process, Cadwalader recently worked closely with the Loan Syndications and Trading Association (LSTA) to develop a concept credit agreement, available to certain members of the LSTA’s working groups, that references a compounded average of SOFRs calculated in arrears.
Michael Peterson, Managing Director of Citco’s Capital Solutions team, guest authored an article in Private Funds CFO titled “The Rise of Hybrid Facilities in Fund Finance.”
Women in Fund Finance is pleased to hold another "Wit & Wisdom Series" meeting in London, connecting senior women in the fund finance industry with junior members for intimate breakfast discussions.
Cadwalader’s fourth annual Finance Forum is this Thursday in Charlotte, North Carolina.
Standard Chartered is seeking a Director of Fund Finance for its Financial & Strategic Investors Group.
The Charlotte office of Cadwalader is seeking an associate for its Fund Finance practice.
Below is a look at what we are reading this week outside of the four corners of Fund Finance.
Here are updates to our Fund Finance Calendar.
What is the correlation between the low yield environment in the EU with the growing use of fund-level leverage in the region? And what does this mean for growth for the U.S. NAV market?
Accordion and Extension Options are a common feature of a number of financing documents in a number of sectors other than Funds Finance, not least in Leverage Finance and Real Estate Finance transactions. This week we focus specifically on why and how these are used in Capital Call/Subscription Finance transactions and on some of the common issues that arise when they are used.