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Long-term pressures on many fund managers’ economics have been sharply exacerbated by the pandemic. We examine the key dynamics at play, and what some CFOs are doing about them.
SEC passes rule that supporters hope will attract more retail investors into private capital markets.
CFOs and COOs gather at the first such event of the season, this time covering four asset classes
The organization hopes to spark debate with its new deal-by-deal model LPA, which incorporates recent changes to its whole-of-fund model LPA. Private Funds CFO spoke with some of the people who developed it ahead of the LPA’s release.
New lending is happening, but it’s a different world out there for some, and you may find yourself looking for a new bank. Experts weigh in with their advice on getting subscription finance in the new environment.
NAV covenants and capital call minimums are increasingly being used in subscription credit line deal documents, say market participants. Even recourse to assets may be on the table.
Everyone in the subscription credit facility market is ‘busy’, but it is far from business as usual. Industry players wonder what the future of the sector looks like, and reveal critical changes that may suggest a new, if still evolving, normal for the market.
Aberdeen Standard Investments, which participates in sub line transactions, is seeing a surge in dealflow and banks building out syndication abilities.
Most first quarter valuations are already finalized, but a study from fund administrator Gen II Fund Services gives some insight into how fund managers expected the pandemic to affect their valuations as they worked through them in April.
Employer with magnifying glass exploring application papers
The latest guidance from the LP body encourages GPs to disclose net IRR with and without the use of such facilities, in addition to the methodology used to reach that figure.
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