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The dividing lines of fund finance

When it comes to the use of subscription credit lines, private equity firms will not be able to please all the LPs all of the time.

Why funds are reaching for a finance umbrella

Umbrella fund finance facilities can be a convenient and cost efficient option for managers with a number of strategies under one roof. Leon Stephenson and Alex Griffiths of law firm Reed Smith explain why.

Fund finance: when one facility fits all

Umbrella fund finance can provide a simplified approach for managers with multiple strategies, writes sister publication Private Debt Investor's editor Andy Thomson.

Subscription credit lines: what we’ve learnt

Over the last six months, our fund finance focus section has covered credit facilities in private equity funds and beyond. We round up the key takeaways.

Can you rely on a termsheet?

Lenders may be left compromised when a deal termsheet does not make clear how much control sponsors have over the transfer of payments. Experienced lawyer Stephen Mostyn-Williams of Debt Explained highlights one alarming example.

Why funds are reaching for a finance umbrella

Umbrella fund finance facilities can be a convenient and cost efficient option for managers with a number of strategies under one roof. Leon Stephenson and Alex Griffiths of law firm Reed Smith explain why.

Adopting a different waterfall – where will your profit flows end up?

As managers look at alternatives to a standard 8% preferred return and 100% catch-up waterfall, how does this affect how profits flow to investors and the manager? Goodwin’s Michael Halford and Benjamin Yeoh modeled them to find out

SEC to ratchet up scrutiny of fees and expenses

The agency will start spending less time working on new financial regulations, according to its chairman, Jay Clayton.

Who picks up the tab?

The tougher stance from the SEC on fees and expenses has had knock-on effects around the world.

The power of the LPAC

Limited partner advisory committees are meant to help resolve conflicts of interest, but are they being given adequate opportunity to do so? Claire Wilson reports on concerns they are being cut out of the action