Join the Fund Finance Association for an intensive virtual training session for newcomers and seasoned Fund Finance professionals. The program will provide a comprehensive understanding of Fund Finance with sessions taught by many of the industry’s leading senior practitioners.
We are very excited to share some updates about Cadwalader’s enhanced and quickly expanding UK Fund Finance team.
The combination of increased regulatory pressure and additional investor demand for higher yield has seen numerous banks gradually displaced by private debt funds in the corporate lending sector (particularly for mid-market and SME borrowers). However, many banks, alongside an increasing pool of alternative lenders (collectively, "ABL Providers"), are comfortable lending to these private credit funds through so-called “credit portfolio finance” or “ABL facilities.”
Whilst there is nothing new about lending to private credit managers, the continued growth of the direct lending market has been accompanied by the increased use of back leverage at fund level through these facilities.
In this article, we look at some of the key issues for ABL Providers under these transactions in the European market.
Cadwalader lawyers and practices once again have been recognized as industry leaders in the 34rd edition of the IFLR1000, a publication focused on financial and corporate transactional work.
Women in Fund Finance EMEA is excited to invite you to the upcoming networking event in Jersey, including a conversation with Jane Niles, CEO at Investec Bank Channel Islands.
The key component of any subscription credit facility is the underlying capital commitments that are pledged to secure the facility. Virtually every lender will require some level of over-collateralization – meaning, investor commitments will never receive dollar-for-dollar credit relative to the size of the facility (which would be a 100% advance rate).
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Cadwalader fund finance partner Leah Edelboim has been named a winner in the “Law Firm Thought Leadership” category of Corporate Counsel’s 2024 Women, Influence and Power in Law Awards.
Join Scott Aleali, Head of Private Equity Finance at Citizens Bank, and Jeff Maier, Senior Managing Director - Private Equity Finance at Citizens Bank, with special guest K. Don Cornwell, Co-Founder and CEO of Dynasty Equity, for the latest episode of Fund Fanatics!