Blue Torch Capital is looking to add an Associate to an emerging platform focused on Special Situations, Sponsored, and Growth direct lending opportunities.
First Republic is hiring for a Sr. Credit Analyst in San Francisco. The Sr. Credit Analyst qualifications include strong private equity credit and underwriting skills.
Goldman Sachs is looking to hire a fund financing associate in New York for its Alternatives Capital Markets & Strategy (ACMS) group. The team is also hiring for a Vice President.
Wells Fargo continues to grow its European Fund Finance team and is hiring one Analyst and one Associate to support the bank’s fund-level financing activities to private equity funds and other asset managers through structured credit facilities.
Net Asset Value (“NAV”) transactions, where a debtor pledges its downstream assets to secure a financing, can involve a wide variety of potential collateral. In some NAV transactions, the assets to be pledged to secure the financing will be transfer-restricted assets. The form of those transfer restrictions may impact the potential structure and liquidity profile of a given transaction and, while there is no one-size-fits-all approach to structuring these deals, it can be useful to identify some potential considerations that may help market participants optimize the approach that works best for them.
Anastasia Kaup will be joined by “boundary breaker” Keith Wetmore on Tuesday (12-1 p.m., EST) to discuss his career progression in finance and law as the first openly gay Managing Partner of one of the world’s leading law firms. Keith will also share practices to advance diversity and inclusion efforts for the LGBTQ+ community, and beyond. Please click here for more details about this event.
Join the European Women in Fund Finance committee to support Afghan refugees temporarily housed in London. Participate in one of two initiatives: (i) a drop-off/pick-up women and girls’ clothing drive, or (ii) volunteer to collect donations/clothing at the “Welcome Shop” on Fenchurch Street in the City. To request more information, please visit here.
The April/May issue of Private Funds CFO is now available for download and contains six pages of special coverage from the FFA’s Global Symposium. Report topics include the evolution of “Fund Finance 2.0,” the growth of the NAV market and a list of fund finance professionals who were recognized for their contributions to the sector. To access the April/May issue, click here.
In the latest installment of Wildgen’s “Fund Finance” webinar series, which took place on March 31, Michael Mbayi was joined by several industry leaders for an in-depth discussion concerning the structuring and negotiation of NAV facilities. To view, click here.
The success of open-ended funds through the pandemic has closed many of the open concerns. Open-ended funds won’t replace the close-ended funds, but lenders should approach them with an open mind. In this article, RBS discusses the evolution of these funds, their strengths and the best practices when closing these deals.
Societe Generale and Dechert LLP will be hosting a virtual webinar discussing issues managers should consider when arranging the financing for their permanent capital funds and platforms on April 20 at 12:15 p.m. For more information and to register for this event, click here.
Lloyds Bank’s Fund Finance team, led by Global Head Jill Wilson, has announced recent promotions, including:
- Scott Turner, promoted to Managing Director and Head of Sponsors Strategic Origination & Partnerships, expanding his role to include global strategic origination activity for the Financial Sponsors team;
- Stephen Giacolone, promoted to Managing Director and Head of Sponsors & Structured Finance North America, expanding his role to also include Loan Markets and Infrastructure & Project Finance; and
- Natasha Puri, promoted to Director, Financial Sponsors North America.
Congrats to Scott, Stephen and Natasha!
Appleby has announced the partner promotion of Georgina Pullinger. Georgina specialises in finance transactions, with a particular focus on fund finance, and regularly advises leading financial institutions on lending transactions, deal structures and on all types of secured transactions. Georgina also has significant experience on general corporate and commercial matters, including restructurings and M&A transactions.