Subscription Credit Lines

Haynes Boone is betting on fund finance’s increasingly structured future by hiring seven attorneys from Seward & Kissel. The new squad will focus on such emerging arrangements as synthetic risk transfers, collateralized fund obligations and securitized subscription lines. Albert Tan, who co-heads Haynes Boone’s fund finance practice group, said interest from its banking and insurance […]

Platform that matches parties for sub lines broadens product scope – and gives GPs the ability to invite their relationship lenders.

Ratings may help to lower borrowing costs for GPs.

The bank will hold the senior tranche, though it hasn’t ruled out syndications in the future.

Supply has returned to the fund finance world, but facilities are undeniably more expensive.

In part three of this four-part guest article, Seward & Kissel partners Greg Cioffi and Jeff Berman look at issues that arise with RNFs when the underlying fund enters into a subscription facility.

Learning from the past is about asking the right questions. Whether the sub-line ABS heralds the second coming of the synthetic CDO and subsequent apocalypses isn’t one of them.

Bank leaps over hurdles to make a product that could reshape the fund finance industry.

Julia Kohen and Jennifer Levitt will succeed Mary Touchstone, who helped to establish the group.

Law firm lands seasoned attorney amid growing demand for fund debt.