The Variable Capital Companies Act (No. 44 of 2018) of Singapore (the VCC Act) was passed into law in 2018. The VCC Act introduced into Singapore the new legal entity of the Variable Capital Company (VCC).
Keeping the focus on Asia, this week we profile Fi Dinh and delve into her perspectives on private capital markets and fund finance in the region, capital flows and life in Singapore. Fi is a Director of Investment Industry Finance (IIF) and Insurance Sector Finance (ISF), Asia-Pacific at ING, based in Singapore. She joined ING in 2018 to help expand ING’s fund financing business into the Asia-Pacific region. The ING IIF team operates in key financial hubs for the fund management industry, including New York, London, Luxembourg and Singapore, and provides and arranges fund financing facilities to listed and unlisted funds managed by institutional asset management firms and leading financial sponsors. Before ING, Fi spent nearly a decade at Barclays in London and Dubai, where she was Director, Financial Institutions Group and helped build a successful Private Equity coverage franchise supporting financial sponsors and alternative asset managers in EMEA and the U.S.
This week, as part of our series on Subscription Finance Loan Agreements, we examine "Key Person Events" and related suspension events/periods.
Axial, an online deal-making platform for buyers and investors in middle-market companies, this week published a note on subscription credit facilities.
The Fund Finance Association University’s inaugural two-day session kicked off earlier this week in New York at the Wells Fargo office.
The Fund Finance Association Next Generation (“NextGen”) initiative brings together young professionals from funds, banks and law firms from within the fund finance market.
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.
An area of common interest to lenders, to the funds, GPs and managers to whom they make facilities available, and to the investors who invest in the funds and will ultimately be required to pay in their capital or loan commitments to repay any Fund indebtedness is compliance with all applicable rules and laws covering sanctions.
This week, we’re excited to bring you an interview with Edoardo Levy, Founder and Managing Principal of BZH Capital Partners. We cover Edoardo's time at Investec and the buildout of that firm’s U.S. platform. Then we get into his new venture and his vision for democratizing private capital investment. Prior to founding BZH Capital Partners, Edoardo oversaw the development of the U.S. secondaries and funds of funds lending business at Investec. Today, he is hard at work launching a new fund.