Andy Thomson
Umbrella fund finance can provide a simplified approach for managers with multiple strategies, writes sister publication Private Debt Investor's editor Andy Thomson.
Lenders may be left compromised when a deal termsheet does not make clear how much control sponsors have over the transfer of payments. Experienced lawyer Stephen Mostyn-Williams of Debt Explained highlights one alarming example.
Bridging facilities are being used not just for more efficient deal execution, but also to get proceeds into the hands of LPs more quickly.
Jack Inglis says none of the organisation’s members have asked it to be part of the proposed group to discuss a reporting template.
.bmp?id=12885345274 "Blackstone, Starwood execs view bank regs as mixed bag")
Increased regulation is sparking a flight of professionals away from the banks and into a booming private debt funds industry, delegates heard from Blackstone executive Mike Nash and others at the REC New York Forum.
New OECD rules that would restrict interest payments being deducted against tax include an exemption for ‘public benefit projects’.
An attempt to attract more private investment into infrastructure projects will take effect at the beginning of next week.
Basel Barakat, who has advised on many of Saudi Arabia’s large IPP and IWPP projects, has been hired from Hassan Mahassni.
The UK government has unveiled plans to unlock further investment into private equity by doubling the amount that local councils can allocate to limited partnerships.
The law firm has launched a ‘fully integrated offering’ for private equity investors, infrastructure investors, sovereign wealth funds and so-called ‘alternative capital providers’, acknowledging that the investment strategies of many large, global financial investors have converged.