Banks
18 September 2023
Paloma Capital signs fund finance facility with OakNorth
The PE real estate investor has secured a £45m revolving credit facility
12 September 2023
Alpha acquires Cobase
FX solutions provider set to acquire 85% of the multibank connectivity platform, subject to approval from the Netherlands’ central bank
6 September 2023
Onboarding liquidity providers biggest FX operational challenge
MillTechFX’s latest report lays out the biggest operational obstacles when it comes to FX hedging
18 August 2023
For FX’s sake! How not to manage FX
As heightened volatility continues to push FX up the agenda for private capital funds, we explore some of the common pitfalls managers have been facing.
17 July 2023
BNP Paribas acquires Kantox
The acquisition will expand the firm’s FX workflow services
14 July 2023
MUFG IS expands banking solutions
Adil Rehman has been appointed managing director, global head of payments and liquidity, to lead the development of global payment and cash management services
12 July 2023
5 minutes with… Stephen Roseman, 1970 Group
We chat with the founder and CEO about how the company frees up firms’ balance sheets from insurance collateral and in doing so boosts liquidity for corporations
23 June 2023
What HSBC Innovation Banking launch means for fund finance
The Drawdown speaks to Gavin Rees, head of global fund banking at the newly launched HSBC Innovation Banking, about what the acquisition of SVB UK means for the fund finance market
14 June 2023
Consort1 opens up repo market to GPs
Secured deposit service provider has made strategic partnerships with banks and financial services companies to help securely collateralise cash deposits
8 June 2023
The Drawdown Awards 2023: Winners announced
Congratulations to all of the winners of The Drawdown Awards 2023
25 May 2023
Deep dive on Alpha’s fund finance solution
Following the recent announcement of Alpha Group’s new fund finance solution, we sit down with Sam Marsh, MD institutional, and Adam Heaysman, who is heading up the new offering, to find out more
20 April 2023
Is retailisation a misnomer?
Many hurdles remain around expanding private funds to the retail investor. We unpicked the main concerns raised by GPs and what the current definition of ‘retailisation’ actually means
3 April 2023
Lloyds Bank appoints head of financial sponsors syndicate
William A. Lamain joins from Raiffeisen Bank
27 March 2023
J.P. Morgan acquires Aumni
Bank aims to build out private markets platform with acquisition
20 March 2023
WATCH: Liquidity strategies in a high interest rate environment
Our recent webinar discussion, exploring liquidity management and counterparty risk
13 March 2023
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
10 March 2023
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
10 March 2023
Eurazeo partners with Moonfare
Eurazeo aims to use Moonfare’s digital platform to expand fund distribution to wealth managers across Europe
28 February 2023
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
12 January 2023
KBRA reports relative resilience for 2023
Rating agency highlights stability in the private equity and credit sectors
9 November 2022
GenTwo partners with Apex’s EDB
The partnership aims to facilitate banking services for institutional investors
1 September 2022
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
17 August 2022
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
10 August 2022
Data analytics should be top priority for service providers
EY believes off the shelf solutions will no longer work to achieve GPs’ data requirements
8 August 2022
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
8 August 2022
Champions league
The Drawdown Awards recognise the very best in private equity operations, awarding outstanding service provision and operational leaders.
4 August 2022
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.”
1 June 2022
Capital calls hit 10-year low
Reduction in the frequency of drawdowns driven by increased use of subscription lines
31 May 2022
Campbell Lutyens bolsters GP capital advisory offering
The practice has made three new hires; Edouard Chu, Allone Taieb and Linh Nguyen
30 May 2022
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
18 May 2022
Comment: Fund forecast
Mohith Sondhi of OakNorth Bank shares his top predictions as macroeconomic challenges intensify
26 April 2022
Intapp and KPMG AG announce strategic alliance
Partnership aims to accelerate digital transformation for professional services and capital markets firms
7 April 2022
RBS International appoints head of institutional banking offshore
Susan Fouquier has taken up the newly created role in Guernsey
18 March 2022
5 minutes with… Birchstone Markets
We caught up with Devonshi Mody and James Arnold of Birchstone to find out about their connected treasury offering.
9 March 2022
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.
3 March 2022
HSBC launches digital administration platform
The platform provides GPs and LPs with digital workflow and reporting solutions
24 January 2022
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
13 January 2022
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
4 January 2022
FX hedging: art or science?
FX hedges provide vital protection on precious returns, but can be tricky to arrange, mainly due to liquidity restraints
6 December 2021
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
10 November 2021
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
18 October 2021
LISTEN: Private debt’s next stage of maturity
Direct lending has come a long way in a short period of time
11 October 2021
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
29 September 2021
Alpha FX launches alternative banking platform
Solution allows GPs to open overseas bank accounts in less than a week
24 September 2021
The Drawdown Awards 2021: Winners announced
Congratulations to the winners of our recent 2021 Drawdown Awards
7 September 2021
Carlyle secures €2.3bn ESG-linked facility
Revolving credit facility is linked to boosting board diversity, tackling climate change and ESG-competent training
27 July 2021
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
8 July 2021
The Drawdown Awards 2021: Finalists Announced
Thank you to everyone who entered, and a massive congratulations to all those that made the shortlist
15 June 2021
Investec’s Mansy joins Macquarie
Investec is winding down its operations in Australia to focus on the UK and South Africa
11 June 2021
HSBC’s King joins RBS International
Neal King will oversee new business from NatWest’s trustee and depositary services traditional fund management clients
2 June 2021
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"
26 May 2021
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
26 May 2021
Nordic Capital secures ESG-linked facility
The revolving facility is linked to Nordic Capital Fund X, which closed on €6.1bn in October 2020
10 May 2021
AlpInvest secures ESG-linked sub-line
ABN AMRO arranged the facility while Rabobank acted as sustainability co-ordinator
22 March 2021
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
1 March 2021
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
18 February 2021
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"