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Fund finance

Hark Capital raises $400m for NAV fund

Hark III’s initial target was $300m

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

Fund Finance Advisor award winner: Cadwalader Wickersham & Taft

Cadwalader's Samantha Hutchinson has built a diverse team with a unique culture, enabling a more well-rounded client experience

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

Failure to launch

Designed to increase the flow of retail capital into long term funds, ELTIFs have had few takers, but could a renewed focus from the European Commission see these structures gain popularity?

Private Equity Service Provider Awards: Winners announced

Winners of the Private Equity Service Provider Awards revealed

Comment: NAV facilities: Talk turns to action

While there has been lots of discussion around NAV facilities from buyout private equity managers, transaction numbers are lower than expected, writes Sarah Lobbardi of Avardi Partners

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

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

EQT secures second ESG-linked sub line

The bridge facility currently sits at €2.7bn and has an upper limit of €5bn

Find & Seek: follow-on funding

CFOs seeking follow-on funding in order to preserve value have multiple options, but which is the winning strategy?

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

Comment: Navigating capital calls

Lydia Danon and Shelley Drenth of law firm Cooke, Young and Keidan, outline practical steps PE firms ought to be taking to mitigate potential capital call conflicts

Bluegem secures sub line from OakNorth

The deal marks OakNorth’s first transaction in the fund finance space

Private Equity Service Provider Awards: Shortlist Announced

Announcing the finalists for the 2020 Private Equity Service Provider Awards

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

Investindustrial secures ESG-linked sub line

Investindustrial’s Fund VII has secured a €600m ESG-linked subscription credit facility

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

Comment: Liquidity solution

Fund finance provides the solution to today's liquidity needs, writes Bronwen Jones and Leon Stephenson, partners at Reed Smith

Rising LPA amendments

With most GPs needing greater flexibility and more liquidity, there has been a surge in LPA amendments

More fund finance, secondaries, comms and PR

MJ Hudson's top predictions of trends expected to emerge following the crisis, including new forms of fund finance, recovering secondaries dealflow and better comms

The Private Equity Editors’ Podcast 2

Hosted by Talya Misiri of Real Deals and Alice Murray of The Drawdown, these podcasts aim to provide insight into what we’re hearing, reading, discussing and discovering through our coverage of the private equity market.

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.

LPs unsure what capital is being called for

ILPA members have reported confusion over how GPs are using newly called capital and sub lines.

New powers

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

Fund finance to the rescue

CFOs are well aware of the flexibility afforded by fund finance, but in the face of a global pandemic these facilities are proving to be an essential lifeline

The new PE playbook

McKinsey urges sponsors and their portfolio companies to adjust quickly to the COVID-19 outbreak

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: Fund finance and the model LPA

ILPA's recently published model LPA is a step in the right direction but overly-restrictive on fund financing, says Reed Smith's Leon Stephenson

Leverage in secondaries: friend or foe?

The use of leverage in secondaries is on the rise, but does this little talked about feature of the market represent an important driver for growth and innovation, or a matter for concern?