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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.
A person climbing steps, depicted with wooden blocks
New origination head moves to Sydney to fill position previously held by Steven Mansy.
A personnel puzzle
The number of new competitors in the market is growing – a good sign for a supply-constrained market.
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Ex-Signature Bank managing director Trevor Freeman is making hires to build out a new subscription line lending program.
The subsidiary of Hercules Capital has formed a new private credit lending program following the failure of Silicon Valley Bank, which was a lender and banker to about half of the tech and life-sciences start-ups in the US.
piggy bank broken with gavel
The seized bank’s holding company may become the rope in a tug-of-war.
Bank closure illustration
The bank’s fall also highlights and potentially exacerbates a large and growing supply gap in subscription credit lines.
The Fund Finance Association's annual Global Symposium saw registration growth explode; We report on two breaking news stories in the NAV market.
Blocks making up the acronym for net asset value, or NAV.
Two former 17Capital managing directors are said to be in the running to launch a potential NAV lending business at investment firm Hunter Point Capital.
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