When it comes to the use of subscription credit lines, private equity firms will not be able to please all the LPs all of the time.
Umbrella fund finance facilities can be a convenient and cost efficient option for managers with a number of strategies under one roof. Leon Stephenson and Alex Griffiths of law firm Reed Smith explain why.
Umbrella fund finance can provide a simplified approach for managers with multiple strategies, writes sister publication Private Debt Investor's editor Andy Thomson.
Over the last six months, our fund finance focus section has covered credit facilities in private equity funds and beyond. We round up the key takeaways.
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.
Umbrella fund finance facilities can be a convenient and cost efficient option for managers with a number of strategies under one roof. Leon Stephenson and Alex Griffiths of law firm Reed Smith explain why.
As managers look at alternatives to a standard 8% preferred return and 100% catch-up waterfall, how does this affect how profits flow to investors and the manager? Goodwin’s Michael Halford and Benjamin Yeoh modeled them to find out
The agency will start spending less time working on new financial regulations, according to its chairman, Jay Clayton.
Limited partner advisory committees are meant to help resolve conflicts of interest, but are they being given adequate opportunity to do so? Claire Wilson reports on concerns they are being cut out of the action
Clearer free structures are more important for LPs than a reduction in fees, research from State Street has revealed.