No one will be surprised to hear that the initial read on first half fundraising is pointing lower for 2023. Pitchbook reports U.S. private equity fundraising of $153 billion through June, which annualizes to a down 19% from the prior year.
As one of the lead sponsors of the inaugural WFF US: Tee Time Golf Outing on Thursday, July 20, we are looking forward to seeing many of our friends at the Dyker Beach Golf Course in Brooklyn. The event will take place from 11 a.m. – 5 p.m. Other lead sponsors are Assured Guaranty and TriState Capital.
There may still be slots available. Please reach out to info@womeninfundfinance.com.
Diversity in Fund Finance hosted an evening of networking and sake tasting at Accidental Bar in the East Village last month.
The FFA will host the 2023 European FFA Cocktail Reception, a premier networking event bringing together industry professionals from across Europe, on September 14 from 7:00-11:30 p.m. at the De Vere Grand Connaught Rooms in London. Tickets are £125.00.
You can register here.
Be sure to save the date – Thursday, November 16 – for the FFA Fall Soiree in New York – an opportunity to come together in a relaxed and vibrant setting. The event will be held at City Winery NYC, beginning at 6 p.m.
Stay tuned for the official invitation with detailed information, including RSVP instructions.
Fitch Ratings is seeing strong demand for subscription finance ratings following publication of its new rating methodology, and so the company is adding staff to support this initiative.
Fund Finance Friday was pleased to have the opportunity to speak with Richard Sehayek and Eli Appelbaum from Ares Management this week.
Today we release the twelfth – and penultimate – installment of our Sovereign Immunity Series. In this part, we discuss and provide a high-level overview of how sovereign immunity is viewed specifically through the lens of fund finance transactions in the states of Utah, Vermont, Virginia, Washington and West Virginia.
While the Cayman Islands’ current inclusion on the FATF “Grey List” and the EU “Black List” for AML purposes is not of material relevance to transactions in the fund finance world, the Cayman Islands recently received some very positive news when FATF confirmed at its June meeting that the Cayman Islands has now met all 63 of its recommended actions regarding the jurisdiction’s AML framework.
Cadwalader U.S. fund finance head Wes Misson was named a “Most Effective Deal-Maker” at last month’s 2023 ALM Southeastern Legal Awards in Atlanta.