Banks
8 August 2022
Champions league
The Drawdown Awards recognise the very best in private equity operations, awarding outstanding service provision and operational leaders.
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
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"
21 January 2021
Private Equity Service Provider Awards: Winners announced
Winners of the Private Equity Service Provider Awards revealed
21 December 2020
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
14 December 2020
Class of 2020
A cross-section of industry practitioners share their greatest lessons of this year
10 December 2020
2020 in review: Fund finance goes mainstream
A look back at fund finance and all its various iterations throughout 2020
30 November 2020
Vauban raises £1.6m seed funding
Backers include Pi Labs, Kima Ventures, Westloop Ventures, Argonautic Ventures and UFP Fintech.
30 November 2020
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
23 November 2020
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
17 November 2020
SMBC invests $30m in OakNorth
In addition to the investment, OakNorth has partnered with SMBC to launch its credit intelligence software
9 November 2020
Find & Seek: follow-on funding
CFOs seeking follow-on funding in order to preserve value have multiple options, but which is the winning strategy?
3 November 2020
U.S. Bank launches alts fund services in Luxembourg
The office will provide fund administration, depositary and banking services to funds in Luxembourg
22 October 2020
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
13 October 2020
WATCH: No place like home: finding the right fund domicile
Predictability, reliability and quality are key components, according to our expert panel
12 October 2020
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
28 September 2020
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
17 September 2020
EDB receives FCA approval
The authorisation follows last year’s approvals from regulators in Malta and Ireland
19 August 2020
Comment: Why PE firms should consider hedging management fees
Lee McDarby of moneycorp says GPs ought to be thinking about hedging management fees as market turbulence looks set to continue
12 August 2020
Comment: Private equity and CBILS
Ed Hobbs, partner of law firm Ashfords, tracks the challenges faced by PE houses accessing the UK Government’s rescue schemes
10 August 2020
Private Equity Service Provider Awards: Shortlist Announced
Announcing the finalists for the 2020 Private Equity Service Provider Awards
10 August 2020
Comment: PE & ESG… It’s time to look at your technology providers
George Ralph, managing director of RFA believes service providers are next in line for communicating their ESG credentials
27 July 2020
LIBOR limbo
While it might seem as though there’s plenty of time for managing the transition, if left too late, GPs will have to accept whatever replacement rate they’re given
13 July 2020
Lobbardi launches Avardi Partners
Lobbardi has announced the launch of a fully independent fund finance advisor Avardi Partners
11 June 2020
Comment: A decade of fund finance in Luxembourg
More competition plus an increasingly complex regulatory environment requires greater sophistication and specific LPA provisions, writes Wildgen's Michael Mbayi
11 June 2020
EQT secures largest ESG-linked sub line
EQT's Therése Lennehag: "With this ESG-linked financing facility, we actively contribute to increasing the availability of high-quality ESG data, critical for the financial markets to be able to build a resilient and regenerative economy"
15 April 2020
Nothing to see here: LP defaults are fake news
Following reports of LP defaults, the Fund Finance Association (FFA) has released a statement on current market activity, as well as best practices.
9 April 2020
Liquidity in lockdown: Lenders
How are GPs working with their lenders to access more liquidity? What can be done if covenant breaches occur?
30 March 2020
New powers
The proliferation of fund financing products opens an unexpected path for CFOs to operate in a strategic and value-add manner
16 March 2020
The Profile: Stephen Richmond, CFO Abris Capital
Stephen Richmond tracks his journey from investment director to CFO, and the nuances of operating funds in central and eastern Europe