On Wednesday, June 1, Women in Fund Finance will host a virtual event, “Crypto 101: Demystifying Cryptocurrency & Blockchain,” featuring speaker Bob Griffin of WhiteTower Capital Management, LLC and moderated by Fazillah Durante of Scotiabank. Please visit here to register.
Wildgen released Episode 2 of its "Fund Finance Expert Talks" series, this week featuring Mourant Partner and FFA Board Member Danielle Roman. To watch the episode, click here.
Private Funds CFO has reported on remarks made at last week’s CFOs & COOs Forum around fund sponsors incorporating authority to borrow under NAV lines into their LPAs. The subscription-required article is accessible here.
Lauren Gubkin has been promoted to managing director at JPMorgan Chase Bank, N.A., where she works as part of the Financial Sponsors Group in New York.
A big Congrats to Sam Hutchinson and all her supporters on the official launch this past weekend of the animal welfare charity, “Power of One.” As the organization’s founder, over the past several years Sam has been methodically building relationships with dozens of small charities and on-the-ground teams around the world that are focused on animal rescue, medical care, shelter, re-homing and animal welfare public awareness.
Commonwealth Bank is looking to hire an associate to support its non-bank financial institution relationships, including financial sponsors (with a focus on private equity, real estate, secondary and infrastructure funds), asset managers, pension funds, insurance and finance companies. For more info, visit here.
It is no secret that fund managers are becoming increasingly resourceful in their efficient use of leverage in the net asset value (“NAV”) space of the fund finance market. What we have seen since the onset of the pandemic is an increasing number of financing solutions tailored towards family offices and ultra high net worth individuals (“UHNWI”) looking to leverage against their existing limited partnership interests in private funds (“LP Interests”).
European nominations for FFA DEI Emerging Leaders are now open until June 3, 2022. The FFA and Diversity in Fund Finance are continuing to support and recognize individuals in the industry for outstanding contributions to further diversity, equity and inclusion efforts in the fund finance market, their workplaces, and/or the broader community. Successful nominees will receive one complimentary ticket to the FFA European Symposium in 2022! For more information, please click here.
Recently, I was pleased to have the opportunity to moderate a “Boundary Breakers” discussion featuring Keith Wetmore, on behalf of the Diversity in Fund Finance group. Our conversation included a recap of Keith’s professional career, a discussion of his lived experience as an openly gay man in places around the U.S. and how that experience has changed over time, and suggestions for how allied individuals and organizations can further advance diversity, equity, and inclusion of LGBTQ+ and other diverse professionals. Following are some key lessons and takeaways from our conversation.
Wildgen has introduced a new series, “Fund Finance Expert Talks,” where key industry players are invited to a one-on-one discussion with Wildgen Director, Michael Mbayi. Tune into the inaugural episode featuring Nick Mitra, Managing Director at Société Générale in New York. In this first episode, Mbayi and Mitra discuss the growth of the FFA, and “Fund Finance 2.0,” including the growth of hybrid and NAV deals, the introduction of rated note feeders, the priority on ESG, and considerations to keep in mind with the growing complexity of fund structures.