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WATCH: Liquidity strategies in a high interest rate environment

Our recent webinar discussion, exploring liquidity management and counterparty risk

Apex acquires Efficient Group

Apex aims to expand its footprint in South Africa

SVB downfall: everything you need to know, including support and solutions

HSBC has acquired the UK bank, taking on its £5.5bn loan book and £6.7bn in deposits

SVB woes: what does it mean for fund finance?

Given SVB’s exposure to the private capital fund space, many in the market are understandably concerned about what this latest announcement will mean for them

Eurazeo partners with Moonfare

Eurazeo aims to use Moonfare’s digital platform to expand fund distribution to wealth managers across Europe

Next level

As the game gets harder, fund finance needs to level up

MassMutual direct lending arms transition to Barings

The transition of MassMutual’s Direct Private Investments (DPI), and MassMutual Asset Finance (MMAF) aims to expand investment solutions for institutional investors

KBRA reports relative resilience for 2023

Rating agency highlights stability in the private equity and credit sectors

RBS International appoints CRO

Wendy Phillis joins from Link Group

GenTwo partners with Apex’s EDB

The partnership aims to facilitate banking services for institutional investors

Comment: The world has changed - how are lenders and markets reacting?

With great challenge comes great opportunity, writes Mohith Sondhi, senior director – debt finance at OakNorth Bank

PE firms under pressure to outsource

There has been a significant increase in enquiries from PE firms looking to outsource since last year, Ocorian reports

Data analytics should be top priority for service providers

EY believes off the shelf solutions will no longer work to achieve GPs’ data requirements

Apex rolls out EDB digital banking platform

Clients can open multi-currency accounts and manage day-to-day transactions through automated market money sweeps from a single dashboard

Champions league

The Drawdown Awards recognise the very best in private equity operations, awarding outstanding service provision and operational leaders.

BOE interest rate hike to impact valuations

“I think we can expect to see the interest rate hike exert some downwards pressure on valuations, though how much is difficult to forecast given the broader market conditions.”

Capital calls hit 10-year low

Reduction in the frequency of drawdowns driven by increased use of subscription lines

Campbell Lutyens bolsters GP capital advisory offering

The practice has made three new hires; Edouard Chu, Allone Taieb and Linh Nguyen

Fund finance tracker: 2nd edition

The latest instalment of the Fund Finance Tracker found tightening of NAV loan amounts and increased activity for GP facilities

Comment: Fund forecast

Mohith Sondhi of OakNorth Bank shares his top predictions as macroeconomic challenges intensify

Intapp and KPMG AG announce strategic alliance

Partnership aims to accelerate digital transformation for professional services and capital markets firms

RBS International appoints head of institutional banking offshore

Susan Fouquier has taken up the newly created role in Guernsey

5 minutes with… Birchstone Markets

We caught up with Devonshi Mody and James Arnold of Birchstone to find out about their connected treasury offering.

Fund finance: structural innovations

Investec’s Helen Griffiths and Oliver Bartholomew discuss key structural developments for capital call facilities, including cost savings awarded by the master facility agreement, the importance of GP credit ratings, and continuation vehicle solutions.

HSBC launches digital administration platform

The platform provides GPs and LPs with digital workflow and reporting solutions

Domicile watch: January 2022

Key takeaways from the major PE domiciles: including the FCA's approach to EU firms temporary UK operations, Central Bank of Ireland's outsourcing guidance, Jersey fee changes and The Bahamas removal from the EU's blacklist

Intertrust’s Maton joins Alpha FX

Maton will lead the firm's new Luxembourg office, which is expected to be fully established later this year

FX hedging: art or science?

FX hedges provide vital protection on precious returns, but can be tricky to arrange, mainly due to liquidity restraints

WATCH: Mind the liquidity gap: How to hedge

A recent webinar discussion explored the purposes of FX hedges, who is best placed to do them, tackling liquidity constraints and setting up hedges internally or using an outsourced provider

5 minutes with… Rory Smith, Brickfield

Founder of Brickfield Recruitment, Rory Smith, discusses his journey into fund finance and why it’s such a special market to work in

LISTEN: Private debt’s next stage of maturity

Direct lending has come a long way in a short period of time

Profile: Sam Marsh, Alpha

The senior partner discusses the firm's newly-launched global accounts solution, aimed at bringing efficiencies when setting up international business accounts and SPVs

Alpha FX launches alternative banking platform

Solution allows GPs to open overseas bank accounts in less than a week

The Drawdown Awards 2021: Winners announced

Congratulations to the winners of our recent 2021 Drawdown Awards

Carlyle secures €2.3bn ESG-linked facility

Revolving credit facility is linked to boosting board diversity, tackling climate change and ESG-competent training

ICG secures €1.45bn ESG-linked sub-line

Facility was provided by Standard Chartered Bank, BNP Paribas, ANZ Banking Group, ING Bank, and Royal Bank of Canada

The Drawdown Awards 2021: Finalists Announced

Thank you to everyone who entered, and a massive congratulations to all those that made the shortlist

Investec’s Mansy joins Macquarie

Investec is winding down its operations in Australia to focus on the UK and South Africa

HSBC’s King joins RBS International

Neal King will oversee new business from NatWest’s trustee and depositary services traditional fund management clients

Waterland closes €500m ESG-linked bridge loan

"We are rapidly moving towards a world wherein all finance is linked to sustainability in one way or another"

Cadwalader’s Cross joins Addleshaw Goddard

Cross joins from Cadwalader, Wickersham & Taft where he was part of setting up the law firm’s fund finance practice in Europe

Nordic Capital secures ESG-linked facility

The revolving facility is linked to Nordic Capital Fund X, which closed on €6.1bn in October 2020

AlpInvest secures ESG-linked sub-line

ABN AMRO arranged the facility while Rabobank acted as sustainability co-ordinator

Fund Finance Provider award winner: Raiffeisen Bank International

RBI's William Lamain explains why being one step ahead is vital in the competitive fund finance space

The Perfect Match: Finding the ideal fund finance solution partner

OakNorth's Mohith Sondhi details a recent subscription line facility placed with private equity firm Bluegem

The ins and outs of outsourcing: An evaluation guide for selecting the right vendor

InCloudCounsel CEO of co-founder Troy Pospisil says firms must "ask the tough-but-important questions about the service provider’s team, products, and business"

Private Equity Service Provider Awards: Winners announced

Winners of the Private Equity Service Provider Awards revealed

WATCH: Perfect match: finding the ideal fund finance solution

Mohith Sondhi of OakNorth Bank and Emilio Di Spiezio Sardo of Bluegem Capital Partners discuss a how a recent subscription line facility was put in place

Class of 2020

A cross-section of industry practitioners share their greatest lessons of this year

2020 in review: Fund finance goes mainstream

A look back at fund finance and all its various iterations throughout 2020

Vauban raises £1.6m seed funding

Backers include Pi Labs, Kima Ventures, Westloop Ventures, Argonautic Ventures and UFP Fintech.

5 minutes with…Doug Cruikshank, Head of Fund Financing and Hark Capital at Aberdeen Standard Investments

Hark Capital’s Cruikshank discusses the evolution of the NAV facilities market, and why it’s more important now than ever

5 minutes with.. Rémy Astié, founder & CEO of Vauban

The Drawdown caught up with Vauban’s founder and CEO Rémy Astié to find out how the platform came about and why SPV account solutions are so important

SMBC invests $30m in OakNorth

In addition to the investment, OakNorth has partnered with SMBC to launch its credit intelligence software

Find & Seek: follow-on funding

CFOs seeking follow-on funding in order to preserve value have multiple options, but which is the winning strategy?

U.S. Bank launches alts fund services in Luxembourg

The office will provide fund administration, depositary and banking services to funds in Luxembourg

Fund managers fall short on governance

A large number of previously authorised fund managers have failed to implement the governance framework set out by the Central Bank of Ireland

WATCH: No place like home: finding the right fund domicile

Predictability, reliability and quality are key components, according to our expert panel

Held to account: why is it so hard for PE to open bank accounts

GPs are waiting up to nine months to open SPV accounts, and its easy to see why

5 minutes with… Mohith Sondhi, OakNorth Bank

The senior director of debt finance explains why the bank is branching out into fund finance, what differentiates OakNorth from other players already in this space and how Covid-19 has opened up new opportunities