Jeff Jaenicke has joined Mizuho Americas as Managing Director, Head of Private Equity LP Fund Financing within the Equity Division.
Dominic Goh has joined SMBC as an Executive Director to lead NAV financing within the Fund Finance Solutions Department in the New York office.
Standard Chartered Bank is looking to hire an Associate Director, Fund Finance. The successful candidate will be responsible for maximizing customer profitability from Financial & Strategic Investors Group and Financial Institutions relationships, contributing to origination, structuring, and execution of Fund Finance transactions. The candidate will also maintain governance and oversight of the Global Fund Finance book. The candidate should have a comprehensive understanding of lending products, including subscription finance, financing, and capital markets product experience, strong analytical, quantitative and credit underwriting skills, and the ability to negotiate and interpret legal agreements.
Additional details are available here.
With the recent wave of displacements occurring in our industry, we have been fielding a higher level of calls from clients looking for a “cheat sheet” that they can pass along to their new credit officers who have varying levels of understanding of the credit support of the subscription loan product. While most of these fundamentals are contained in prior Fund Finance Friday editions, the goal of this article is to not only summarize those prior articles (with linked references that provide a deeper dive if desired) but also to target the discussion to a credit audience that may be somewhat new to the underpinnings of subscription finance.
We have come to the final installment of our FFF Sovereign Immunity Series, having covered the 48 other states previously. In this article, we will look at sovereign immunity in Wisconsin and Wyoming.
Cadwalader partner Sukhvir Basran and special counsel Katie McShane hosted a Strafford CLE video webinar last week on ESG in fund finance, with a specific focus on how to structure and draft Sustainability-Linked Loans in order to help achieve ESG-related objectives.
Q2 regional bank failures and regulatory capital changes have resulted in a shortage of credit in the fund finance market, according to Institutional Investor’s “There’s a Gaping Hole in the Subscription Lending Market” published this week. We certainly think there’s a great opportunity in fund finance now (but not sure it’s a “gaping hole”). We’d love to hear from you. Send us a note with your thoughts.
The Fund Finance Association is currently recruiting mentors and mentees from across the globe to take part in the 2023-2024 FFA Mentorship program.
More than 300 financial services industry leaders have already registered for Cadwalader's annual Finance Forum on October 19 at The Ritz Carlton in Charlotte, North Carolina.
Administrative agents of syndicated credit facilities commonly “front” funds to the borrower on behalf of the lending group in advance of it actually confirming and/or receiving funds from the lenders. This article examines potential issues involved with fronting and considers avenues for repayment in the event a lender fails to fund.