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Lawyers from Paul Weiss pinpoint the areas of a private equity firm operations that may need to be adjusted to account for the coronavirus outbreak, including fund documentation, valuation and banking relationships.
When an IRR has been inflated by subscription lines of credit, does the fund manager need to present a second figure to investors?
Managers often complain that LPs ask for data but don’t do anything with it; investors say this is not the case.
Any savings the Parisian firm makes will be put into environmental projects, says CFO Philippe Audouin.
Under the hood
Sister publication PEI puts three questions to Fi Dinh, who led ING's first ESG-linked revolving credit facility, on fund terms, interest rate calculations and sustainability targets.
Subscription lines are convenient, but GPs must use them responsibly, says Triton's Amanda Tonsgaard.
ESG sustainability
The bank provided a subscription credit facility for Singapore's Quadria Capital that pegs its interest rate to fund-level ESG performance.
Capital call bridge facilities are a growing trend in private equity, but can they work for your firm? Joe Greenwell and JP Harrop share their insight in this extract from The Definitive Guide to Carried Interest.
Citco's Michael Peterson explains how hybrid fund finance facilities add to the private equity fund management toolkit.
credit - subscription credit lines
ILPA guidelines have helped push greater disclosure around subscription credit lines, but have not changed their usage, according to Ropes & Gray partner, Patricia Lynch.
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