Subscription Credit Facilities: Certain ERISA Considerations
A subscription credit facility (a “Facility”), also frequently referred to as a capital call facility, is a loan...
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Management Fee Credit Facilities
As part of the evolution of the fund finance market, some lenders seeking a competitive advantage have expanded their product offerings to private equity and other similar funds (a “Fund”) from traditional capital call facilities made to closed-end Funds to other financing products, including lines of credit to open-ended Funds or separate-account vehicles and net asset value facilities.
Sovereign Immunity Analysis in Subscription Credit Facilities
Subscription credit facilities (a "Facility") are a popular form of financing for private equity and similar investment funds ("Funds").
Enforceability of Capital Commitments in a Subscription Credit Facility
A subscription credit facility (a “Facility”), also frequently referred to as a capital call facility, is a loan...