Paloma Capital signs fund finance facility with OakNorth

The PE real estate investor has secured a £45m revolving credit facility

Alpha acquires Cobase

FX solutions provider set to acquire 85% of the multibank connectivity platform, subject to approval from the Netherlands’ central bank

Onboarding liquidity providers biggest FX operational challenge

MillTechFX’s latest report lays out the biggest operational obstacles when it comes to FX hedging

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.

BNP Paribas acquires Kantox

The acquisition will expand the firm’s FX workflow services

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

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

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

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

The Drawdown Awards 2023: Winners announced

Congratulations to all of the winners of The Drawdown Awards 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

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

Lloyds Bank appoints head of financial sponsors syndicate

William A. Lamain joins from Raiffeisen Bank

J.P. Morgan acquires Aumni

Bank aims to build out private markets platform with acquisition

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"