Cadwalader’s financial services team concluded its four-part series on capital relief trades earlier this week.
Cadwalader is seeking senior-level attorneys with 7+ years of relevant experience for its Fund Finance practice in New York, Washington, DC, or Charlotte. Qualified candidates will have experience in syndicated lending, commercial lending, leverage finance, fund formation, CLOs, asset-based lending, NAV financings, or acquisition financings.
We are very pleased to welcome several attorneys to our Fund Finance group and our firm. We look forward to their contributions as part of our growing team, which now numbers 81 attorneys and paralegals globally dedicated to fund finance.
William Cowper once wrote that “variety is the very spice of life.” This could ring true in many circumstances, but is becoming particularly fitting for alternative asset managers, or AAM, when evaluating sources of liquidity across a variety of fund finance solutions. Since the dawn of finance, the differing requirements of debt providers has created a range of financing options across the private and public capital markets. For corporate borrowers, these markets are mature and well understood. However, for AAMs, the debt markets are relatively embryonic and ever evolving, with a range of capital providers. Here we explore the types of capital available to AAMs across the various fund finance products, and the growth of institutional capital in each.
On this week’s FFA Career Conversations podcast, host Joel Buckett of Deutsche Bank Wealth Management speaks with Neno Raic, founder of No Limit Capital. Joel and Neno discuss the market forces that created the need for a non-bank lender in the Fund Finance industry, the challenges that come with being an entrepreneur, and why institutional capital providers should be viewed as a complement to traditional large and midsize lenders.
Fund Finance Partners' co-founder and partner Richard Wheelahan was featured in a Keynote Interview with Private Funds CFO on the increasingly popular NAV financing market, factors that fund GPs should consider, the state of the market, and how LPs are often supportive of using NAV financing to improve fund returns and achieve other investment objectives.
We're excited to announce that our annual "Cadwalader Finance Forum" is coming back as an in-person event in Charlotte once again on Thursday, October 27.
Cadwalader representations on new fund finance facilities in the U.S. rose 17% in the first half to total more than $27.0 billion. (The final tally may rise as we complete our dataset for June closings.) Growth in fund finance origination comes as overall credit markets have decelerated meaningfully. Corporate bond issuance declined by 26% in the first half and non-mortgage structured products issuance came in 70% below 1H 2021.
You’re invited to Crypto Series Part 2, where WFF will host Michele Cito, Bob Diamond and Cristina Dolan to discuss the impacts of cryptocurrencies and blockchain on the economy and financial markets. Join virtually at 12:00 p.m. Eastern/5:00 p.m. BST/12:00 a.m. HKT on Wednesday, August 10. For more information and to register, click here.
It’s time to secure your spot for the 4th Annual Asia Pacific Fund Finance Symposium at the Shangri-La Singapore. To register for the November 3 event, click here.