Fundraising

There is now a broad consensus that benefits in terms of treasury management outweigh the disadvantages

Borrowers are facing more options than ever, creating a selection challenge for CFOs

Subscription and NAV financing are increasingly accepted by LPs, but transparency is key

ESG-linked subscription lines are becoming more common, with the market evolving quickly on both sides of the Atlantic

Fund finance lawyers are working around some complex clauses in limited partner agreements

The firm brought on a four-person team from rival firm Latham & Watkins.

The law firm added a finance partner and an energy M&A partner to its private equity group.

The law firm hired a former Kirkland & Ellis debt finance pro as a partner in its fund finance group.

NAV loans span the use-case and risk gamut.

NAV structures are now able to suit both borrowers’ goals and investors’ yield targets, but some are worried certain structures go too far, including a structure that essentially gives borrowers equity at the cost of debt.