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But for those founders who have eyes on raising additional capital through Series funding rounds, there are additional considerations to navigate before making those venture capital pitches. By: DarrowEverett LLP
CRED is in talks to acquire Kuvera, a startup that operates an online wealth management platform, a source familiar with the matter told TechCrunch, in what is a sign of the Indian fintech giant’s growing interest in the lucrative category of stock investments and mutual funds. All rights reserved. For personal use only.
Please click on the links below to jump to the relevant section: The Cayman Islands has the following range of vehicles that are typically used as investment funds: Exempted companies and segregated portfolio companies are commonly used as open-ended funds, while closed-ended funds are typically structured as exempted limited partnerships.
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.
Join us for this episode of Financial Services Focus, where Lauren Pryor, Eric Edwardson, Haukur Gudmundsson and Krista Cooley dive into considerations for MSR (Mortgage Servicing Rights) fund investments and outline the complexities of MSR fund investments, touching on market structures, licensing requirements, and acquisition strategies.
In order to harmonize the regulatory framework governing the European fund market, the European Commission has revised the existing Alternative Investment Fund Manager Directive – Directive 2011/61/EU (the "AIFMD"), with the introduction of the Alternative Investment Fund Manager Directive II ("AIFMD II"). By: Mayer Brown
Access to liquidity was a central theme of 2024 in the European fund finance 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 year 2023 presented the fund finance 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.
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.
On September 21, 2023, the Federal Trade Commission (FTC) filed a groundbreaking complaint in federal court against PE fund Welsh Carson and its portfolio company, U.S. Anesthesia Partners (USAP), making good on its promise to ramp up enforcement against PE funds and roll-up acquisitions. By: Allen & Overy LLP
Over the last 10 years, continuation funds have evolved to be a well-established potential exit route for private fund sponsors. According to advisory estimates, some $40 billion deals were completed in 2023, with more than $150 billion worth of transactions in the market in total. By: Skadden, Arps, Slate, Meagher & Flom LLP
EXECUTIVE SUMMARY - In this Legal Update, we provide suggestions for junior finance professionals new to the fund finance market and offer practical suggestions for beginning their careers with a solid foundation. By: Mayer Brown
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 fund finance. By: Cadwalader, Wickersham & Taft LLP
To address the limitations of the current temporary marketing permission regime (“TMPR”), which permits EEA funds marketed in the UK before Brexit to continue to access the UK market, the UK government introduced the overseas funds regime (“OFR”). By: Cadwalader, Wickersham & Taft LLP
Proskauer’s Hedge Fund Trading Guide offers a concise, easy-to-read overview of the trading issues and questions we commonly encounter when advising hedge funds and their managers. By: Proskauer - Regulatory & Compliance
In our recent alert Loan Origination Under AIFMD2: A Guideon loan origination under the revised Alternative Investment Fund Managers Directive (AIFMD2), we noted that the European Securities and Markets Authority (ESMA) would consult on further measures required to implement AIFMD2. By: Goodwin
Welcome to the October - December 2024 issue of our Irish Quarterly Legal and Regulatory Developments report for asset management and investment funds. By: Walkers
AB 3129 would establish a mandatory approval process for a broad range of healthcare-related transactions involving private equity funds and hedge funds, giving the California Attorney General (“CA AG”) broad authority to block or impose restrictions on transactions to protect public interest. By: Goodwin
It is especially relevant for renewable energy project developers, energy transition private equity funds and sustainable infrastructure funds due to the fact that renewable energy developers often have a complex. By: McDermott Will & Emery
Search Funds should consider the availability of the tax benefits of Section 1202 in connection with their acquisitions. This Holland & Knight alert offers an overview of Section 1202 benefits in the Search Fund context and. The upside, if properly structured, can be significant. By: Holland & Knight LLP
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 fund finance market and related capital markets. By: DLA Piper
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
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
Key Points - Sovereign-related investors, more commonly referred to as sovereign wealth funds, have increasingly made the Middle East a global center of wealth and investment. By: Skadden, Arps, Slate, Meagher & Flom LLP
Launching a private equity fund is an exciting yet daunting endeavor; and a General Partner (GP) Advisory Board can be a critical asset in navigating the complexities. Thoughtfully designing and engaging a GP Advisory Board strengthens a private equity firms capabilities by adding external expertise to the firms internal resources.
Eldridge Capital and 3L Capital co-led the tranche with participation from BDT & MSD Partners’ affiliated credit funds, Vista Credit Partners, Temasek, Slow Ventures and Assembly […] AI-powered parking platform Metropolis today announced that it raised $1.7
Singapore’s status as a leading financial centre in Asia and regional hub for commodity trading, shipping, and increasingly, private capital activity has been cemented over the years, especially in the past decade. By: A&O Shearman
Last month, I commented on the "weird" definition of "hedge fund" in AB 3129 (Wood). On the last day of the current session, the legislature passed the bill. It is now on Governor Newsom's desk. By: Allen Matkins
Acquisitions of private fund sponsors can be accretive for large asset managers, providing access to attractive investment strategies with equally attractive margins, which can be deployed in new ways on larger platforms. 2023 may have been a surge, but even the first two months of 2024 seem like a tidal wave.
In a decision that may cause controlled companies to revisit existing stockholders agreements, the Delaware Court of Chancery in West Palm Beach Firefighters’ Pension Fund v. Moelis & Co. found certain terms in Moelis & Co.’s s stockholders. By: Cadwalader, Wickersham & Taft LLP
public corporation if the repurchase is made or funded by certain U.S. This tax generally applies to the repurchase of stock of a public U.S. corporation (or its affiliates) and stock of a non-U.S. affiliates of the non-U.S. public corporation. By: Davies Ward Phillips & Vineberg LLP
Brazil is proposing a fund that would pay countries to protect tropical forests that are crucial to curbing climate change. It would generate returns, too.
The proposed law sought to regulate health care transactions involving private equity and hedge funds. On September 28, California Governor Gavin Newsom vetoed Assembly Bill (AB) 3129. The veto avoids overlapping and potentially contradictory regulatory oversight by California’s attorney general and Office of Health Care Affordability (OHCA).
billion post-money in its last funding round — is in talks to be acquired by another security player, Wiz, for a price of just $150-$200 million. Consolidation continues apace in the world of security. Sources tell us that Lacework — a cloud security startup that was valued at $8.3
As proposed by Assembly Speaker pro Tempore Jim Wood, Assembly Bill 3129 (“AB-3129” or the “Bill”) seeks to expand state oversight of transactions involving private equity groups or hedge funds and health care facilities or providers. By: Quarles & Brady LLP
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