Fund finance
14 March 2024
Hazeltree adds remote access to treasury platform
Other product updates include the addition of a mobile transaction approver application
13 March 2024
Rede Partners appoints head of strategic capital advisory
Riccardo Villa will lead the advisory’s alternative liquidity solutions services
4 March 2024
Investec expands GP advisory practice
Asante Capital’s Oliver Altendorf, Harbourvest’s Christoph Schwarz and Credit Suisse’s Emilia Korobowicz join advisory lead Stefano Manna
1 March 2024
Bischoff succeeds Peel as head of finance at Travers Smith
Charles Bischoff (left) has been a partner since 2012; Peel (right) to remain at the firm and continue to ‘play a significant role’ in the practice
26 February 2024
Economic symptoms of longevity
Addleshaw Goddard’s latest Funds Trends Report showcases the effects of longer fundraising and investing periods on the economics of the GP-LP relationship
12 February 2024
Ogier expands Luxembourg fund finance team
Delphine Gomes is a banking and finance counsel with experience in fund, leveraged and real estate financing
25 January 2024
Profile: Miguel Gutiérrez, Portobello Capital
The deputy COO discusses working life at the Spanish GP, from adopting new technologies to overseeing the Luxembourg office
11 January 2024
Bridge expands to the US
Fund finance marketplace aims to connect borrowers and lenders, and assist private market participants with completing capital call facilities
8 January 2024
In Conversation: Solving the liquidity gap in fund finance
Highlights from a recent roundtable discussing the biggest challenges GPs are facing when trying to secure fund financing
22 December 2023
Simpson Thacher hires fund finance partner
London-based Katie McMenamin joins from Travers Smith
21 December 2023
5 minutes with… Jan-Moritz Hohn, Leverest
The CEO and founder strolls with us across the company’s digital marketplace for lenders, and discusses due diligence processes and the impact of Basel III
14 December 2023
5 minutes with… Stephanie Miller, CEO of Hazeltree
The Drawdown sits down with the new CEO of treasury and liquidity management services company Hazeltree to discuss its next strategic phase
7 December 2023
AllianceBernstein launches NAV lending strategy
Barclays managing director Dupe Adeyemo and Hark Capital’s Sara Casey join the investment manager to lead the platform
4 December 2023
Praxio appoints head of banking and finance
Pinsent Masons fund finance director Michael Mbayi joins Luxembourg law firm
30 November 2023
Trigger warning
As valuations come under greater scrutiny, GPs must carefully consider the triggers for valuation challenges under the terms of their NAV facilities
28 November 2023
Moving surety from obscurity
Surety could be an overlooked, low cost liquidity solution in a time of portfolio optimisation
14 November 2023
New fund finance marketplace Bridge launches
Cloud-based platform aims to connect lenders and borrowers to arrange capital call facilities in real time
9 November 2023
Alpha Group appoints head of lender engagement
Ex-NatWest Markets, Benjamin James, to head up company’s lender relationships and oversee product development
6 November 2023
Investec launches GP advisory practice
Formerly with Eaton Partners, Stefano Manna is to head up the team
31 October 2023
Alpha launches digital fund finance platform
New solution aims to match borrowers with lenders instantly
9 October 2023
Investec expands fund finance offering to US
Bank has opened New York office and appointed Olivia Deroy as manager for origination and relationship management in the US
20 September 2023
Socium Fund Services launches loan agency and administration services
The Suntera Global-owned fund administrator extends its product offering to private credit firms
18 September 2023
Paloma Capital signs fund finance facility with OakNorth
The PE real estate investor has secured a £45m revolving credit facility
14 September 2023
MML promotes Darroch to partner
The finance director has been at the firm since 2021
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
7 September 2023
Welsh joins Partners Group
Kieran Welsh joins the fund finance team, and was previously at National Australia Bank
4 September 2023
GLAS to acquire French trust business Pristine
Pristine’s fiducie and fund structuring and management services will be folded into the GLAS SAS business offering
18 August 2023
Ogier promotes Tuohy to partner
Tommy Tuohy advises on fund finance in the Cayman Islands
11 August 2023
Foresight promotes Banks to fund finance director
Lynsey Banks manages a fund finance team of six individuals in London
27 July 2023
Socium Fund Services partners with Broadridge
Socium will incorporate Broadridge’s Sentry tool to improve its debt fund administration services
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
29 June 2023
Comment: Cutting through conflicts in GP-led transactions
Travers Smith’s Victoria Bramall and James Ravden outline five strategies to mitigate conflicts in GP-led deals
28 June 2023
Volpi Capital closes on continuation fund
The technology-focused European mid-market firm has divested the remaining assets from its debut fund into the new vehicle
26 June 2023
The conversation: dealing with an increasingly complex fund finance lender landscape
At a recent breakfast event held in London, The Drawdown brought together expert practitioners from the fund finance community to discuss the latest trends in the market, challenges and opportunities, as well as practical guidance for fund managers
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
20 June 2023
Proskauer appoints finance partner
Paul Tannenbaum is experienced in fund financing transactions for lenders, borrowers and financial institutions
19 June 2023
Debt set
The Drawdown hones in on the private credit trend that the experts think is here to stay – how can GPs establish a successful first-time credit fund in this economic climate?
19 June 2023
Comment: Future-proofing operational models key to supporting global GP ambitions
Elliot Refson, head of funds at Jersey Finance, says the jurisdiction’s JPF and LLC structures provide stability in a turbulent environment
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
15 May 2023
NAV financing: volumes increase but total value falls
New figures reveal an uptick in the number of NAV transactions for 2022, however the total value of deals dropped by 12.5% on the previous year
11 May 2023
Alpha Group launches fund finance arm
The division will be led by Adam Heaysman, who joins Alpha from Raiffeisen Bank
2 May 2023
Pitchbook incorporates LCD research
The integration will allow platform users to access analysis on leveraged loans, bonds, CLOs and private credit
12 April 2023
Coller completes GP-stake sale
Hunter Point Capital has acquired a minority stake in the secondaries house
3 April 2023
Lloyds Bank appoints head of financial sponsors syndicate
William A. Lamain joins from Raiffeisen Bank
20 March 2023
WATCH: Liquidity strategies in a high interest rate environment
Our recent webinar discussion, exploring liquidity management and counterparty risk
15 March 2023
Less black and white
GP/LP relationships are becoming increasingly nuanced, with management fee rates more dependent on strategy, increased organisational expenses and a decline in no-cause removal clauses
14 March 2023
Onwards and upwards
We spoke to John Stake, managing director at Hamilton Lane, to discuss the latest findings and predictions in the firm’s 2023 Market Overview
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
7 March 2023
LPs recalibrating risk appetite
Adams Street Partners’ 2023 Global Investor Survey highlights increasing LP scrutiny and an increased demand for private credit opportunities
6 March 2023
Déja vu?
Collateralised fund obligations (CFOs) have been lauded as a vital route for insurance firms to play in the fund finance space - but their future, especially in Europe, is uncertain