Login Newsletter Membership About us Search

Fund finance

Simpson Thacher appoints financial regulatory lawyer

Stephanie Biggs joins from Travers Smith to co-lead the firm’s European financial services and funds regulatory team

Core opens for business

The company offers a range of fund administration services for GPs based in Guernsey

Pantheon appoints chief financial officer

Dean Maines joins the firm as CFO and partner, as two senior operations team members are promoted to partner

Tackling tokenization

As GP appetite for tokenization increases, concerns around liquidity, security and regulation need demystifying

Ares Capital appoints first COO

Jana Markowicz is appointed to the newly created role after 18 years’ service at the firm

Venn enhances portfolio analytics platform

The platform’s interpolation functionality uses a public market proxy to deliver an approximated daily return stream for the private market

IDR launches next-generation fund subscription

The service aims to provide a smooth fund subscription service that easily connects GPs and LPs

Apex acquires Luxembourg’s ALFI Partners

The acquisition aims to deliver a cross-border fund-distribution solution

KBRA reports relative resilience for 2023

Rating agency highlights stability in the private equity and credit sectors

Capital-raising punishment: Painful process

A sleek and streamlined onboarding process is vital to make sure hard-won commitments aren’t scared off

Highvern Ireland to offer fund administration services

The Central Bank of Ireland has granted the firm regulatory approval for fund administration services

RedeWire portal to tackle restrictive marketing rules

Built against a backdrop of complex marketing regulations and tough fundraising conditions, Rede’s new LP portal gathers new fund offerings in one place

Neutral horizons

Invesco’s 2023 Investment Outlook predicts a neutral valuations environment for the year ahead, despite tricky market conditions

Pinsent’s Bowen joins K&L to launch Dublin office

Gayle Bowen is joined by Shane Geraghty and Michelle Lloyd as founding partners

Column: Smooth operator

In a challenging fundraising environment, operational leaders must ensure the machine room is running smoothly, writes Dörte Höppner, chief sustainability officer at The Riverside Company

“Stabilised volatility” on the horizon, says EY

EY predicts the most likely geopolitical developments for PE in 2023 and successful strategy to manage them

A piece of the pie

As the alternative assets sector becomes more attractive for DC pension schemes, fund managers are tasked with scaling up to accommodate liquidity management

UNPRI et al. push for biodiversity

150 financial institutions have called on world leaders to adopt Global Biodiversity Framework at COP15

Edinburgh reforms cement UK financial divergence

The Chancellor of the Exchequer revealed more than 30 regulatory reforms to the UK financial industry to drive competitiveness and growth

Asante expands to Munich

George Lyons will serve as director of the Munich office

Oak Group makes two appointments

Oak has hired Belinda Ridout as director of client accounting and Hannah Crocker as company secretary

In conversation: Stake house

Highlights from a recent roundtable discussing the evolution of GP stake sales and what value they can bring to private equity firms

Valuations decrease predicted for Q4

Macroeconomic instability causes valuation concerns for GPs and LPs as Q4 year-end reporting approaches

Agilitas appoints two finance team members

Mia Sendlbeck and Sam Berry have joined as finance director and finance manager, respectively

Aztec Group hires non-executive director

New York-based Eric Bernstein has joined the fund administrator’s board

CSC finalises Intertrust acquisition

CSC first bid for Intertrust in December 2021

Reed Smith hires partner from Kirkland & Ellis

Romin Dabir joins the firm’s Financial Industry Group

Saunders re-joins Goodwin

Fund finance specialist Ed Saunders returns to Goodwin after three years at Mayer Brown

Validus appoints head of fund finance advisory

Gianluca Lorenzon joins from Boyak Advisors where he was a director

LISTEN: Changing approaches to liquidity management

How are private fund CFOs evolving their approach to liquidity management?

Kroll expands Duff & Phelps Opinions team in London

Their primary focus will be fairness opinions for GP-led secondaries

Hamilton Lane to offer tokenization

Partnership with Securitize will digitally expand investor access to its funds via new tokenized feeder funds

The most influential fund finance experts of 2022

Charting the market’s movers and makers

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

Shanks joins NLC

Ian Shanks joins fund finance lender No Limit Capital as senior adviser and chair of the investment committee

TDA 2022 Fund Finance: Provider winner: Investec

We explore the firm's mid-market focused full-service offering for private equity which sets it apart from its peers

TDA 2022 Fund Finance: Advisory winner: Haynes Boone

We explore how Emma Russell has propelled Haynes Boone’s offering to one of the most well-known and well-respected teams in the world

TDA 2022 Legal: Fund Formation winner: Travers Smith

Sam Kay, funds partner at Travers Smith describes what's enabled the firm to have such a deep understanding of the market

TDA 2022 Foreign Exchange Services winner: Alpha FX

The team describe the way in which every aspect of their business is dedicated to the needs of the alternative investment industry

TDA 2022 Advisory/Consultancy: Fundraising winner: Asante Capital Group

The placement agent's team explains how they support each and every project to ensure their clients are successful

Legal lowdown: Sam Kay, Travers Smith

Partner and head of investment funds discusses PE’s evolution since 1998, the importance of carry, along with the challenges of labelling funds in relation to SFDR and the Taxonomy Regulation

LP appetite for PE suffers sharp decline

The Rede Liquidity Index score has decreased from 70 in 2021 to 55 for H1 2022 signalling a sharp fall in LP investor appetite.

Failure rate for GP-leds exceeds 50%

The uptake in GP-led strategies have continued to rise despite a significantly high failure rate - - said panellists at SuperReturn

Cinven secures €4bn ESG-linked sub line

The sustainability linked loan will support portfolio company ESG initiatives

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

17Capital promotes Shahin to partner

General counsel Emad Shahin has been at the firm since 2019

Profile: Susan Wilkins, Actis

The COO discusses her pathway from Actis portfolio company to the GP, taking over management of Abraaj funds and her role as a member of the inclusion & diversity committee

Circularity secures first ESG-linked facility

The firm has put a fund finance facility in place to provide more flexibility for future investment processes

Pemberton launches NAV offering

The lender has hired 17Capital’s Thomas Doyle to lead its new NAV financing strategy

Nominations open for the Most Influential Fund Finance Experts

The Drawdown is launching a new report, celebrating the most influential players in the fund finance market - nominations are now open

5 minutes with… Birchstone Markets

We caught up with Devonshi Mody and James Arnold of Birchstone to find out about their connected treasury offering.

5 minutes with… Derivative Path

Brett Morrell & Ciccy Yang discuss how the technology-focused business supports private equity risk management

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.

A new asset class arrives

At the recent Fund Finance Association Symposium, held in Miami last month, it's clear that this market is no longer a subset of the private funds industry, but rather a burgeoning asset class in its own right

Crestline closes sophomore portfolio financing fund

$1bn fund focuses on fund finance including NAV loans and preferred equity

Pressure point

The explosive growth of the fund finance market has hugely benefited the private capital fund industry. But with banks straining to keep up with growing demand, where next for capital call facilities?

Triton secures €1.455bn ESG-linked fund facility

New facility is earmarked for speeding up ESG efforts in Triton V, a €5.2bn fund closed in 2018