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Banks take 'holistic' approach to fund finance; supply in sub lines outpaces demand.
The private credit boom finds managers diversifying into multiple business lines, but that causes operational complexity, according to Marshall Saffer, managing director, fund services at CSC.
Could a lack of expertise curtail the growth of the fund finance market?
Teams will fall under joint leadership, with industry vet Jeff Johnston as head.
A banking crisis coupled with a hike in interest rates has significantly altered the rules of engagement for capital call facilities.
The bank will focus on capital call lines and GP financing for mid-market funds
The two, both on the board of the Fund Finance Association, have been consulting on the carve-out, purchase and rebranding of TIAA Bank.
New origination head moves to Sydney to fill position previously held by Steven Mansy.
The number of new competitors in the market is growing – a good sign for a supply-constrained market.
Ex-Signature Bank managing director Trevor Freeman is making hires to build out a new subscription line lending program.