FFP and Friends on COVID-19

As we all do our best to adapt to the disruption caused by  the outbreak of the global pandemic associated with the 2020 Covid-19 (“Coronavirus”), we thought it may be helpful to share some of the recent views and opinions expressed by FFP‘s colleagues and friends across the fund finance and broader private equity markets. We’ll…

Private Credit Fund and BDC Leverage Stress Testing Comes to Life: It’s Time to Act

Only a few weeks ago (although it now feels like another era), Fund Finance Partners (“FFP”) published an article on the numerous ways that direct lending funds and BDCs (collectively, “Debt Funds”) could finance their investment portfolios in order to increase liquidity, enhance returns and offer more competitive spreads to borrowers.  (Article)  Now, though, is the time…

Private Equity International: GPs ponder early repayments for credit lines as coronavirus threatens liquidity

March 17, 2020 By: Alex Lynn Drawdowns could enable managers to pre-empt liquidity issues arising from the pandemic but may compound the problem for certain LPs. Some general partners are considering early repayments for subscription credit line drawdowns in anticipation of potential liquidity issues among LPs arising from coronavirus. Modern limited partnership agreements typically specify…

Mitigating Conflicts of Interest in Fund Finance

March 11, 2020 – Since FFP’s inception in 2019, the vast majority of our fund sponsor clients’ mandates stem from our collective expertise in and around the fund finance markets.   Between the number of fund finance transactions our principals have executed and our long-standing, deep relationships with virtually every bank and alternative lender in the space,…