A Barron's article published this week, titled "A New Form of Private-Equity Financing Is Starting to Take Off," is not really news to those who do subscription finance work every day. To be fair, the article looks back at the development of the fund finance market over two decades and particularly focuses on the role of relationships among fund principals and the private bank and wealth management arms of financial institutions. The articles notes the continuing distinction between lenders who cover the sector out of the wealth management side of the business and those that operate out of the investment bank. The full article is available by subscription here.
