Beginner’s Glossary to Fund Finance
The following glossary is intended to serve as a reference tool for those that are new to the...
Legal Update Archive
LEGAL UPDATES
Feeder Funds
A feeder fund (“Feeder”) is an investment vehicle, often a limited partnership, that pools capital commitments of investors...
Infrastructure Funds Update
Among private investors, the term “infrastructure” denotes a wide range of physical assets that facilitate a society’s principal...
Limitations on Lender Assignments To Competitors In Subscription Credit Facilities and Other Fund Financings
In a typical syndicated credit facility, the lenders are generally prohibited from assigning their rights and obligations under...
Developing Side Letter Issues
Introduction A subscription credit facility (a “Facility”) is an extension of credit by a bank, financing company, or...
Does Volcker + Vickers = Liikanen?
On 29 January 2014 the European Commission published a proposal for a regulation of the European Parliament and of the Council “on structural measures improving the resilience of EU credit institutions."
US Securities and Exchange Commission Clarifies and Expands Its Interpretation of “Knowledgeable Employee” Under the US Investment Company Act
On February 6, 2014, the Staff of the Division of Investment Management of the Securities and Exchange Commission...
Structuring Credit Facilities for Defined Contribution Plan Funds
Over the last ten years, there has been a steady trend transition from defined benefit plans to defined...
Leverage and Liquidity Requirements Under Basel III
On January 12, 2014, with the concurrent endorsement of the Group of Central Bank Governors and Heads of...
Governmental Plan Investors and the Borrowing Base
A subscription credit facility, also frequently referred to as a capital call facility (a “Subscription Facility”), is a...