Graham Bippart
The bank has leapt over hurdles to make a product that could reshape the fund finance industry.
Registrants broke through triple digits at the industry organisation’s London event, where the mood was optimistic, though the near-term future is filled with uncertainties.
The fall of three major lenders to private equity GP borrowers across the AUM spectrum means sub lines may be harder to get for some; and yet, the market has already begun to adapt.
Insights, service provider recommendations and titbits of wisdom from our event in London this week.
Banks hitting concentration limits and syndicating deals, insurance companies coming in as both buyers and lenders, and even rising interest rates all point to a bigger slice of market for non-banks.
LPs will blame compliance officers for cybersecurity breaches and close calls, even if they caused them.
Higher staff turnover and changes in risk appetite at lenders have accompanied an evolution into a more transparent subscription credit line market.
A House bill, as currently written, came as a surprise to the market, as other regulatory, inflation and competitive headwinds abound in private equity.
ESG criteria are expected to play an increasing role in deciding where funds are based, according to an IFI Global survey.
A recent interpretation of accounting rules regarding warrants from the SEC has put the SPAC market on ice, fast. But will it affect valuations, in the long run?