Fund Financer News

DLA Piper has strengthened its Finance team with the appointment of Soumitro Mukerji as a partner in Singapore. Soumitro, who has a wealth of experience in fund finance, joins the firm from Mayer Brown and will further enhance DLA Piper's client offerings across Singapore, Southeast Asia, and South Asia. DLA Piper https://lnkd.in/ebzQgcVv #FundFinance #FundFinancing #FundFinancer

Barclays Investment Bank has extended a £70 million debt facility to Chrysalis Investments (Investment Trust), an investment trust focused on UK and European private companies. The facility, advised by Ogier's Banking and Finance team in Guernsey, includes a £15 million uncommitted accordion. The primary use of the facility is for working capital and potential follow-on investments. Ogier https://lnkd.in/eeGx_bzr #FundFinance #FundFinancing #FundFinancer

The securitization era in fund finance has officially begun, with first major securitization of sublines hitting the market recently. This reflects the growing demand in structured products and regulatory capital relief. The market is also seeing increased interest from institutional investors and insurance companies in subline securitization. Cadwalader, Wickersham & Taft LLP #FundFinance #FundFinancing #FundFinancer

The demand for fund financing solutions is growing as private market sponsors manage increasingly complex, multi-asset class portfolios. Lloyds Bank Corporate & Institutional has been coordinating billions in new financing to meet these needs, including a €7 billion SLL facility for CVC's Fund IX. Jill Wilson, Edward Fry and Varun Sarda | Lloyds Banking Group #FundFinance #FundFinancing #FundFinancer

King & Spalding explores the pivotal role of institutional capital in the evolving fund finance space. In the context of subscription finance and NAV facilities, experts discuss how alternative capital providers have become essential for supporting GP growth. Michael Hubbard, Samantha Hutchinson and Mathan Navaratnam | King & Spalding #FundFinance #FundFinancing #FundFinancer

Oliver Gottschalg, CEO of Gottschalg Analytics and professor at HEC Paris, sat down to discuss his research on fund level credit and performance. Gottschalg highlighted the significant impact subscription lines can have on performance metrics like IRR, which may lead to inflated results and industry misinterpretation. Ben James and Edward Beecham | Alpha Group https://lnkd.in/eUUVrSju #FundFinance #FundFinancing #FundFinancer

BlackRock is reportedly in advanced talks to acquire HPS Investment Partners, LLC, a key player in the NAV lending market, marking a strategic move into private credit. If successful, this deal could position BlackRock to compete with firms like Ares Management Corporation, Apollo Global Management, Inc., and 17Capital in both the US and UK markets. Dinesh Nair, Swetha Gopinath, Aaron Kirchfeld, and Silla Brush | Bloomberg https://lnkd.in/eNmvKk-S #NAVLending #NAVLoans #FundFinance #PrivateDebt

Mayer Brown has published a critical overview of LPA default remedies, key for protecting lenders in subscription credit facilities when investors default. This legal update explains how remedies such as Cram-Down/Forced Sale and Overcall Rights can be most beneficial for lenders, ensuring adequate fund collateral. Kiel Bowen, Mark Dempsey, Jonathan Rosaluk, and Ethan Haddon | Mayer Brown https://lnkd.in/dEairFnT #FundFinance #FundFinancing #FundFinancer

JPMorganChase sees fear receding in the sustainability-linked loans market as corporate clients are more confident and properly structuring their pitches. With more than $24 billion arranged this year, this growing sector includes notable players like Enel SpA working towards well-structured sustainability finance. Philip Brown of Citi highlighted that sustainability-linked finance remains an important funding tool. Alastair Marsh | Bloomberg https://lnkd.in/d52WTKcP #FundFinance #FundFinancing #FundFinancer

Investec has partnered with Ares Management Corporation to offer subscription line facilities to clients, expanding their lending capacity across the UK, US, and Europe. The partnership combines Ares' capital and expertise with Investec's leading private equity lending platform, meeting growing demand for subscription line facilities. Suzie Lynes | Alternative Credit Investor https://lnkd.in/ek3TkgwR #FundFinance #FundFinancing #FundFinancer