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In todays episode, we discuss financial challenges facing many colleges and universities, such as declining enrollment, decreased funding, and restrictions that are associated with tax-exempt financing. We consider the tax and legal implications of a merger. By: Ballard Spahr LLP
Our Global FundFinance practice recently sponsored and attended the 2025 Global FundFinance Symposium. Hosted annually by the FundFinance Association, these conferences bring together key players in the fundfinance market, including investors, fund managers, bankers, and lawyers.
EXECUTIVE SUMMARY - In this Legal Update, we provide suggestions for junior finance professionals new to the fundfinance market and offer practical suggestions for beginning their careers with a solid foundation. By: Mayer Brown
The year 2023 presented the fundfinance industry with many challenges that it rose to face with an inventiveness and rigour that showed just how mature and multi-faceted the market has become.
The 2025 FundFinance conference in Miami convened industry leaders, innovators, and experts to explore the latest trends and challenges in the rapidly evolving world of fundfinance.
As ever, the event brought together a wide range of market participants from across the industry, providing a unique opportunity to network and learn more about the many exciting developments taking place in fundfinance. By: Cadwalader, Wickersham & Taft LLP
This fall, Latham’s Investment Funds Practice provided guidance on financing options and considerations for funds and portfolio companies in the second installment of the Private Funds Breakfast Series.
Access to liquidity was a central theme of 2024 in the European fundfinance market. Whilst macro-economic factors suppressed demand for subscription lines, alternatives such as NAV, GP and back-leverage facilities kept many of us occupied throughout the year. By: Walkers
The Pine Cliffs Resort hosted the FFA’s 2024 Global Leadership Summit this week where key players and leaders from across the industry gathered to discuss macroeconomic, geopolitical, policy, legal, regulatory and other matters affecting the fundfinance market and related capital markets. By: DLA Piper
Corporate finance jobs at normal companies are bad … …if you’re using them to break into a deal-based field, such as investment banking , private equity , or venture capital , or as a “Plan B” if you interview around but do not get into one of these. In my view, corporate finance jobs are not ideal “stepping stone roles.”
Food Venture Financing - Trends Lever VC announced that it completed a first close of $50 million for a new fund dedicated to early stage agrifoodtech startups. By: Davis Wright Tremaine LLP
Whether you’re a first-time founder or a serial entrepreneur, the process of obtaining venture funding can be complicated and confusing. Let’s look at the process of getting a venture financing to closing, and the primary deal documents you can expect to see along the way. By: Wyrick Robbins Yates & Ponton LLP
In the ever-evolving world of corporate finance, one trend that has been gaining significant momentum is the increased issuance of convertible debt by Chinese issuers. Over the past few months, Chinese technology companies including JD.com, Lenovo, Alibaba and Trip.com have collectively issued convertible bonds totalling US$10.5
The primary purpose of a capital call facility is to provide bridge financing to a fund borrower that may be drawn upon, in lieu of calling capital, to make investments in accordance with the fund’s business purpose.
Although transfers by investors of their interests in a fund have always been a feature of subscription / capital call facilities, as of late, there has been a palpable uptick in investor transfers and this trend is set to continue, due to a multitude of factors. By: Cadwalader, Wickersham & Taft LLP
Luxembourg and the Cayman Islands are two of the world’s leading fund formation jurisdictions, and account for a large portion of the private equity funds domicile market. Most private equity fund structures are comprised of entities from a multitude of different jurisdictions, often including both Luxembourg and Cayman Islands funds.
14,801/2024 creates infrastructure debentures, changes rules for incentivized debentures and investment funds in the sector, including tax guidelines, and promotes incentives for raising funds through the issuance of debt securities abroad (bonds). New Law No. By: Mayer Brown
McGuireWoods recently held its 20th Annual Healthcare Private Equity and Finance Conference (HCPE Conference) in Chicago. The conference drew more than 1,000 professionals from private equity funds, senior and mezzanine lenders, and investment banks, as well as C-level executives, consultants and principals in the healthcare industry.
b' E205: Raising Capital for Acquisitions: Funding Sources to Finance Your Dream Deal w/ Parnell Speed - Watch Here rn rn About the Guest(s): rn Parnell Speed is a seasoned professional with a background in engineering and experience in the real estate sector.
banking regulators published a request for comment covering a proposed revision to the call report forms and process that would mandate more granular disclosure on loans made to private equity funds. That’s one possible question after U.S. By: Cadwalader, Wickersham & Taft LLP
This week's featured corporate venture and private equity fund is BRF S.A. - based in Brazil, is one of the largest global food companies. It has nearly 100,000 employees working out of 120 countries. By: Davis Wright Tremaine LLP
b' E197: E-commerce & SaaS Acquisitions Financing: Expert Stephen Speer on Funding Your Business Dreams - Watch Here rn rn About the Guest(s): rn Stephen Speer is a seasoned lending expert with a specialization in business acquisitions financing. rn rn rn "We're not in the scratch and dent business.
On February 6, 2025, the Illinois state legislature introduced Senate Bill (SB) 1998, aiming to implement an additional layer of scrutiny to covered transactions that are financed by private equity groups or hedge funds. The bill is pending with the Senate Assignments Committee. By: McDermott Will & Emery
If you want to work in the most cyclical role in the finance industry, it’s hard to beat commodity hedge funds. Many of the largest hedge funds put commodity trading within their global macro strategies , but plenty of smaller funds, banks, and desks make it a separate category or focus on commodities within their macro strategies.
Clearwater, which says it has obtained an $800 million loan to fund the transaction, along with a $200 million revolving line of […] 2024 TechCrunch. All rights reserved. For personal use only.
Cboe Clear Europe has received regulatory approval to clear European Securities Financing Transactions (SFTs), granted by De Nederlandsche Bank (DNB) and the Autoriteit Financiële Markten (AFM). The post Cboe Clear Europe gets regulatory green light to launch securities financing transactions clearing appeared first on The TRADE.
In a tough deal financing market, PE buyers have increased the amount of equity they’re willing to invest in order to fund add-on transactions. Here’s an excerpt from a recent PitchBook article: It has become less common to see add-ons fully funded with borrowed money.
Duckworth has an extensive background in finance, starting from an unexpected entry into the field from music composition. His unique journey through the world of finance, academia as an adjunct professor, and his practical experience in Wall Street make him a seasoned expert in assisting early to mid-career CEOs in executing roll-ups.
Each day new limited partnership agreements come across our desks, sent to us by our bank clients who ask us to read and analyze these documents alongside them to determine the most critical question in fundfinance: is it bankable? By: Cadwalader, Wickersham & Taft LLP
While Chris van Heerden’s recent article gave some cause for optimism over the fundraising environment for 2024, for now on the ground we are continuing to see significantly longer lead times before funds hit their target size, even for top-tier sponsors. By: Cadwalader, Wickersham & Taft LLP
In the private equity secondaries market, financing is often used to facilitate the purchase of portfolios of interests in private equity funds. These transactions require lenders to underwrite the value of assets that the borrower does not yet own, which gives rise to a specific set of challenges for the lenders.
In the European market, many lenders - particularly investment banks - are focused on ensuring that they have recourse to the underlying assets of the fund via their security documents. NAV facilities come in all shapes and sizes and, unlike subscription facilities, there is no standardised collateral package for these kinds of transactions.
The objectives you set for the business will dictate the type of finance you should raise: the two key options being equity (selling shares in your company) and debt (borrowing from a bank or financial institution). In order to raise equity finance, you need to set up a limited company that is registered at Companies House.
Watch Here About the Guest: Sanket Bhasin is an experienced entrepreneur and the managing partner of Spring Street Capital, a New York-based software-focused search fund. Why Search Funds? E267: Why Buying a Business Beats Starting One – Buy Your Way to Success!
The Cayman Islands recently received an early Holiday gift when the EU Commission published a regulation in mid-December paving the way to remove Cayman from its list of ‘high-risk’ countries for AML/CFT purposes.
Liquidity solutions are a topic du jour in fundfinance. With bank balance sheets somewhat restricted by macroeconomic concerns and risk-weighted asset regulations, fundfinance borrowers and lenders have sought creative ways to put capital to work.
Recently, the Institutional Limited Partners Association (“ILPA”) issued guidance for Limited Partners (LPs) and General Partners ("GPs") around the use of Net Asset Value (NAV-)based financing facilities by private equity funds. By: Cadwalader, Wickersham & Taft LLP
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