Fund Finance

How much is too much leverage in CVs?

While lenders and buyers have both grown more accepting of leverage use in continuation funds, divisions remain over when and how these tools should be used.

Fund finance has moved to a multi-instrument and life cycle-wide toolkit – FFA conference

Increased appetite from Institutional investors, access to liquidity and the proliferation of bespoke structures have accelerated change in fund finance, according to panellists at the European Fund Finance Symposium.

Europe’s Arcmont tees up debut NAV financing fund

The firm joins an increasingly crowded NAV financing market, with Partners Group and Pemberton Asset Management among those to have also entered the fray in recent years.

Credit specialist Crescent taps ex-17Cap partner to lead GP financing strategy

Gregory Hardiman, who previously co-led 17Capital’s US investment efforts, has been named managing director and head of GP-LP solutions at Crescent Capital.

17Capital parts ways with senior exec entrusted with Dubai office launch

The departure comes six months after the firm said it was opening in the UAE to deepen its push into the Gulf region.

Clifford Chance bolsters fund finance ranks with Seward & Kissel hire

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

Carlyle’s AlpInvest targets $2bn for portfolio finance-focused fund

The Carlyle unit is also in market with its flagship secondaries programme and a dedicated single-asset-focused fund.

What does and doesn’t fall into the definition of a secondaries deal?

The inclusion of adjacent strategies such as GP stakes and portfolio financing in volume reports shows how what matters to secondaries market participants is evolving.

ILPA seeks LPAC vetoes and full disclosure over NAV loans

Trade group calls for LPAC consent in some cases, and for new fund documents to cover usage and limits.

Rede to lose Next Gen Leader transactions team professional

Max Barnes joined Rede Partners in 2021 from Abrdn and was included in Secondaries Investor’s Next Gen Leaders of Secondaries list last year.