Industry News

WFF Autumn Macro Economic Round-Up

The ‘WFF Macro Economic Round-Up’ is a series of macro-economic roundups. In this ‘WFF Autumn Macro Economic Round-Up’, the European WFF Committee has reached out to market leaders to share their views on certain current affairs which are bound to have an impact on the macro-economic in the near future, and by way of default, which will also shape the fund finance market as we head into the fourth quarter of 2024.

Considerations for Subscription Line Facilities for Late-Stage Funds

Fund Finance Insights: Subscription Line Pricing Stabilizes in First Half of 2024

Fund Finance Insights: Borrowing Base Constructs in First Half of 2024

FUNDed - July 2024

Fund Finance Security Guide

Praxio Law & Tax have released a guide outlining the main aspects of the security package for 14 of the most common jurisdictions involved in Fund Finance transactions. This guide includes jurisdictions in America, Africa, Europe, Asia and Oceania.

LP Finance and the growth of HNW Investors

As UHNW LPs continue to grow in prevalence in private markets, so does a relatively new product: LP Finance. Joel Buckett of FFA NextGen spoke with Sumaer Sandhu, Niall Spencer, and Mathan Navaratnam to understand why this product is rising in prominence and what the key considerations and pitfalls of these transactions are from both a credit risk and legal standpoint.

A Guide to the Application of the Sustainability Linked Loan Principles in Fund Finance

Haynes Boone Fund Finance Report Reveals Growth Outlook Despite Challenges

Haynes and Boone, LLP released its first-ever Fund Finance Annual Report, which revealed an industry cautiously optimistic about growth despite facing headwinds, including rising interest rates and market disruptions.

Brickfield Fund Finance Hiring Market Update Q4 2023

Sowing Seeds for Success: Subscription Facilities for Funds with Seed Investors

Hot Topics: Liquidity in Fund Finance and Me

FFA Nextgen spoke with Jeremy Cross to discuss how this sector has enjoyed stability and growth, largely unaffected by external economic and political events. However, recent shifts in interest rates, regulatory focus, and lender dynamics are reshaping the landscape. In this article, we explore the evolving nature of Fund Finance and how these changes are impacting both industry veterans and newcomers.

Fund Finance Industry Avoids Biggest Impacts of SEC’s Private Funds Rulemaking

Regulatory Market Update

Hot Topics: Fund Finance Advisory: From Sidekick to Superhero?

FFA Nextgen spoke with Adam Heaysman, Guillaume Leredde, Sarah McCreadie, and JP Peters to understand the trends that are affecting borrowers’ financing needs and how they are helping GPs to navigate an increasingly complex landscape.

Meet the Newest Members of Our Fund Finance Association Board

We are excited to announce additional FFA Board members as we strive to evolve with our ever-changing market. We are expanding the FFA Board to include our first-ever Fund General Partner, Joe Rocco from Blackstone. We are also adding Sammy Asoli and Jill Wilson from the global lender community to continue our mission.

FUNDed - June 2023

Treatment of HNW Feeders in Subscription Secured Credit Facilities

FFA Statement of Support

A message from the FFA Board on the recent events in the banking industry and fund finance community.

The Fundraising Slowdown and Subscription Credit Facilities

Global Legal Insights – Fund Finance 2023

Trends in Fund Finance Report by Funds Europe

Declining Funding Ratios of City and County Pension Systems: Impact on Private Equity Fund Financing

FUNDed - June 2022

Wildgen - The Fund Finance Magazine

Luxembourg is one of the main centres for fund finance transactions and a unique place to observe global trends in this sector. Being one of the most committed law firms to this area in Luxembourg, Wildgen, through its expert Michael Mbayi, decided to release an industry-focused magazine where global and local trends are covered.

Fund Finance Association Spotlight – Interview with the FFA’s Europe Chair Emma Russell

With 6th Annual European Fund Finance Symposium just around the corner on June 28, we caught up with the FFA’s Chair of Europe, Emma Russell, for a chat about her involvement in the Association, it’s growth in Europe, and a glimpse ahead at the conference.

Wildgen Fund Finance Security Guide

Wildgen has just released their Fund Finance Security Guide which includes all the main jurisdictions involved in Fund Finance transactions. Lawyers from Arthur Cox, Cadwalader, Carey Olsen, Fried Frank, Mayer Brown, Mourant and Stephenson Harwood contributed to the guide.

Brickfield’s 2022 Q1 report

Brickfield has now released its 2022 Q1 report on the current state of the fund finance recruitment and talent search market.

Innovation in Fund Finance 2022

The fund finance market has grown rapidly in recent years with more and more funds looking to generate higher returns for their investors using subscription line financing and other types of fund finance products. This, coupled with demand competing with supply, means 2022 is likely to be a year of further growth and strategic innovation.

Ogier: CAYLUX - Fund Finance The Investor Notice

The security package for a subscription facility will typically include security over the uncalled capital commitments of a fund’s investors, including: (i) the right to make capital calls on investors in respect of their uncalled capital commitments, together with rights to enforce payment of them; and (ii) the right to receive the proceeds of such capital calls. It will generally also include security over the bank account into which investors are required to deposit their capital contributions.

Fund financing vs portfolio company financing

With every offering having unique strategic advantages, fund sponsors should consider all the options available to them, writes Anastasia Kaup, a partner at Fund Finance Partners.

NAV Financings: A Review of the Year

Global Legal Insights – Fund Finance 2022

FUNDed - July 2021