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Fund Finance
The law firm’s latest round of hiring brings the tally up to 22 new fund finance attorneys since January.
The new hire adds depth across bespoke financing structures.
A run on redemptions in the private credit world has highlighted the importance of diligencing gating mechanisms in fund finance facilities.
This comes as an expanding lender ecosystem and the embracing of hybrid and NAV structures allow for growth and momentum in the market.
The proliferation of rated note feeders and CFOs is bringing new capital to the market, say Haynes Boone’s Albert Tan, Perry Hicks and Greg Cioffi.
Continued capital inflows into the highly liquid world of fund finance mean that pricing and terms have been moving in borrowers’ favor, say DLA Piper’s Katie McShane and Shana Ramirez.
The growth of securitized products is attracting more investors into the space.
Continuation vehicles present an interesting opportunity for fund finance, but concentration risk and a reluctant investor base pose a challenge.
Inside: The three forces reshaping fund finance; How the NAV financing ecosystem is becoming more flexible – and complex; Expert insight from industry leaders; And much more…
The growth of continuation vehicles, evergreen funds and securitization are contributing to the changing face of the fund finance market.