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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

EDB receives FCA approval

The authorisation follows last year’s approvals from regulators in Malta and Ireland

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

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

Private Equity Service Provider Awards: Shortlist Announced

Announcing the finalists for the 2020 Private Equity Service Provider Awards

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

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

Lobbardi launches Avardi Partners

Lobbardi has announced the launch of a fully independent fund finance advisor Avardi Partners

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

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"

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.

Liquidity in lockdown: Lenders

How are GPs working with their lenders to access more liquidity? What can be done if covenant breaches occur?

New powers

The proliferation of fund financing products opens an unexpected path for CFOs to operate in a strategic and value-add manner

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

Comment: The outsourcing dilema

Jen Simkins of March Consultants says her connections are debating whether or not to outsourcing part of their operations