- Signature Bank seeks to add a Relationship Specialist in its growing Fund Banking Division.
- National Australia Bank is seeking an Associate to join its New York-based Fund Finance team.
- Cadwalader seeks to add qualified attorneys to our Fund Finance practice.
The Fund Finance Association’s Next Generation initiative announced a May 15 event in New York.
Here are updates to our Fund Finance Calendar.
In the not-too-distant past, execution of a major commercial transaction involved gathering the parties (and their lawyers) in a large conference room to sign (with a pen!) multiple counterparts of a suite of documents, each dutifully arranged by a junior staffer. The pomp and circumstance of the previous era’s closing rooms have given way to more efficient, convenient and cost-effective methods. Today’s closings are typically uneventful, digital affairs—conducted from participants’ respective offices (or on-the-go via mobile devices) and made possible in part by the advent of digital and electronic signatures. The latter category (think DocuSign, as opposed to PDFs or faxes) gives rise to questions of validity and enforcement.
Last week, FundFire published an article on the current state of the conversation surrounding ILPA’s 2017 guidelines. The article featured several leading voices on both the manager and lender sides highlighting the operational benefits of subscription lines and calling into question IRR boost as a motivating factor in the implementation of most subscription credit facilities.
First quarter private equity fundraising followed last year’s pace with $91 billion raised across 97 funds, according to PEI data. The recent PEI update again underscored a secular theme for private funds and their lenders: scale matters.
Mourant has prepared a "Top Take-Aways" summary from the 9th Annual Global Fund Finance Symposium in Miami that discusses high points from several presentations.
Matt Glen has been promoted to Vice President in ING's Investment Fund Finance team.
Standard Chartered Bank is hiring for an Associate Director in its Fund Finance, Financial & Strategic Investors Group. The role will involve contribution to the origination, structuring, and execution of fund-level subscription financings, hybrid facilities, NAV-based financing and GP facilities. For more information, click here.
Here are updates to our Fund Finance Calendar.