Graham Bippart
Large regional bank will share further details of the deal on its third-quarter earnings call.
The former titan of fund finance’s portfolio includes loans that will need steep haircuts. And that’s not the only challenge.
Hiring has been difficult for PE firms, but trying to find more DE&I candidates for various roles means searches are taking even longer.
The opening up of the market for pension fund-issued collateralized fund obligations could represent a major avenue of liquidity relief for other investors.
The two, both on the board of the Fund Finance Association, have been consulting on the carve-out, purchase and rebranding of TIAA Bank.
There are two great reasons not to call collateralized fund obligations CFOs. The market should adopt another acronym, Graham Bippart begs.
Creator of the survey says the novel practice of back-levering deals with NAV has already spread to even the lower mid-market.
The hires for a new subscription lending program include four previously reported ex-Signature bankers along with six others – a larger group than Private Funds CFO had reported before.
The number of new competitors in the market is growing – a good sign for a supply-constrained market.
The fall of three major lenders to private equity GP borrowers across the AUM spectrum means sub lines may be harder to get for some – perhaps even impossible. But the market has already begun adapting with new solutions.