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Fund Finance
Private equity sponsors are driving ESG developments in fund finance, write Thomas Smith and Felix Paterson of Debevoise & Plimpton.
CFOs now have more financing tools than ever to drive success for their LPs, asset management platforms and principals, writes Zachary Barnett.
Samantha Hutchinson and Brian Foster examine how ‘PRAV’ facilities, preferred equity solutions and continuation financings can be used.
Bank capacity is under pressure as demand for capital call lines grows, but investors are stepping in, say Investec’s Jonathan Harvey and Neno Raic.
But investors express concern over shifting terms, with a significant minority worried about the extent to which GPs are using credit lines.
ESG-linked innovation is continuing to emerge in the fund finance market, say Debevoise & Plimpton partners Thomas Smith and Pierre Maugüé.
As emerging markets GPs continue to seek ways to address reduced liquidity and a challenging fundraising environment, law firm Akin Gump asks if NAV facilities could be part of the answer.
Alicia Gregory, head of private equity at the Australian SWF, says investors could be left overexposed if less creditworthy LPs default on capital calls.
A company subject to a secondaries transaction could have at least five layers of leverage. We investigate how coronavirus has tested these layers.
NAV financing can provide defensive liquidity and the funds required for buying opportunities in the wake of covid-19, say Investec’s Tom Glover and Matt Hansford