Congratulations to all of the incredible recipients of the 2024 Fund Finance Association Industry Awards. With such an outstanding pool of accomplished, dedicated, and hardworking nominees, it was certainly a difficult decision for the FFA selection committee. See the 2024 Award recipients now.
The Fund Finance Association is thrilled to announce the confirmed instructors for the upcoming FFA U: Europe!
Don't miss the Head of Cadwalader’s UK Fund Finance Team, Samantha Hutchinson, teaching a session on Creative Fund Financing.
The Fund Finance Association is pleased to announce that registration is now OPEN for the inaugural FFA: Japan event!
More than 1,800 industry players attended the 13th annual Global Fund Finance Symposium that wrapped up yesterday afternoon at the Fontainebleau in Miami Beach. There was a lot to talk about in terms of market evolution through surviving 2023 and what 2024 has in store. In honor of lucky number 13, here’s a baker’s dozen of notable fund finance market data points to take us forward in 2024.
Cadwalader had a wonderful time this past week attending the Fund Finance Association's 13th Annual Global Fund Finance Symposium in Miami Beach!
For now, enjoy these photos and stay tuned for more in-depth analysis from the symposium in our next issue of Fund Finance Friday.
Sabih Hussain, Head of Global Fund Finance at Barings, and Sam Hutchinson, Co-Head of Fund Finance at Cadwalader, Wickersham & Taft, talk with Global Legal Insights publisher James Strode about key trends in Fund Finance for 2024.
The Fund Finance Association is actively recruiting new members to join the Diversity in Fund Finance and NextGen committees in the APAC region!
Apply Now! The Fund Finance Association are actively recruiting new members to join the NextGen committee in the EMEA region.
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. In addition to providing a fund borrower with a readily available source of credit to quickly fund investments, a capital call facility also provides a fund borrower with the ability to leverage the fees and expenses of the partnership. In particular, many fund borrowers will look to the credit facility to finance the payment of management fees by the limited partners to the investment manager. It is therefore important for lender’s counsel to confirm that the fund borrower’s limited partnership agreement (a) authorizes the fund borrower to incur indebtedness for the payment of management fees and (b) doesn’t contain management fee overcall limitations. Lender’s counsel should also confirm with the lender that the credit facility use of proceeds contemplates the financing of management fees and the credit agreement appropriately reflects and permits the credit extensions to be used to finance management fees of the partnership.