Archive

NEWS & INSIGHTS ARCHIVE

August 2022
“Many sponsors have realized that if they are not already in on this, they want to get in on it. Incorporating ESG metrics into fund financing makes a lot of sense for fund sponsors that are astute users of debt ... READ MORE
August 2022
Co-founder and partner Richard Wheelahan recently provided a keynote interview to Private Funds CFO on the increasingly popular NAV financing market.  The interview covers factors that fund GPs should consider, the state of the market, and how LPs are often ... READ MORE
January 2022
CHICAGO, IL – Fund Finance Partners (FFP) is pleased to announce that Anastasia Kaup has joined the firm as a Partner in Chicago. Anastasia’s arrival adds to the firm’s depth of expertise and experience, and amplifies the team’s ... READ MORE
January 2022
CHICAGO, IL – Fund Finance Partners (FFP) is pleased to announce that Anastasia Kaup has joined the firm as a Partner in Chicago. Anastasia’s arrival adds to the firm’s depth of expertise and experience, and amplifies the team’s ... READ MORE
July 2021
Environmental, social, and corporate governance (“ESG”) considerations are increasingly crucial for alternative asset managers.  While still in its adolescence, impact investing – whether screening potential investments for ESG risks or integrating ESG opportunities into investment strategies, is here to stay.  Asset ... READ MORE
March 2021
Only a few decades old, subscription finance has evolved into a mature market benefiting banks, limited partners and fund sponsors alike.  The biggest factor behind subscription finance’s maturation, and the benefits to everyone in the industry, has been the ... READ MORE
November 2020
By: Richard Wheelahan, Managing Director at Fund Finance Partners, and Trent Lindsay, Cadwalader, Wickersham & Taft Although commercial banks have long taken the lead in fund finance lending, alternative lenders have gradually taken on a larger role in the market. ... READ MORE
August 2020
Until the disruption Covid-19 wrought upon markets and societies in early 2020, subscription finance had been (perhaps erroneously) thought of as commoditized, with terms and advance rates generally predictable and consistent for those regularly in the market.  The impact of the ... READ MORE
June 2020
The second quarter will be a crucial reporting period for business development companies, which target their capital at the US economic heartland of SMEs. Robin Blumenthal gets the lowdown from the market on the challenges that lie ahead. April is ... READ MORE
June 2020
  In October, Fund Finance Partners published a comprehensive primer on management company lines, or credit facilities extended to investment advisers and fund management companies (“ManCo Lines”).  As FFP’s partners update this ManCo Line primer from our respective home ... READ MORE
May 2020
The Fund Finance market has been on an incredible run. We at FFP, like many of you reading this, want to see that success continue.  We believe that the only way the market can maintain its staggering growth rate is ... READ MORE
April 2020
Concentrated NAV lenders and preferred equity financers are seeing historic dealflow. But only a handful of alternative lenders exist, and banks active in concentrated NAV are scarce and rarely transact. With potentially thousands of funds looking for liquidity for their ... READ MORE
April 2020
Fund Finance Partners looks at the current priorities of a market that has experienced rapid growth through the good times, writes Andy Thomson The fund finance market has grown rapidly in recent years as alternative asset managers have found themselves ... READ MORE
March 2020
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 ... READ MORE
March 2020
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 ... READ MORE
March 2020
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 ... READ MORE

By: Kelsey Butler Business development companies, the most visible pocket of the $800 billion private credit market, face more dividend cuts and possibly even restructurings later this year after the Covid- 19 pandemic has bruised their portfolios. The companies this month released ... READ MORE
March 2020
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 ... READ MORE
February 2020
February 4, 2020 By: Alex Lynn GPs can avoid potential liquidity issues by drawing down loans early and performing greater due diligence on their lenders Uncommitted capital call facilities have taken the private markets by storm, but fund managers should be cognisant ... READ MORE
January 2020
January 15, 2020 – The emergence of Business Development Companies (“BDCs”) over the last decade is not a surprise. BDCs are well-established as an essential provider of debt capital to small and medium-sized U.S. businesses. Since the peak of the financial crisis, ... READ MORE
December 2019
December 3, 2019 – Since launching Fund Finance Partners (“FFP”) this Summer, we’ve been approached by all types of asset managers and fund sponsors with questions or requests for assistance with numerous issues.  Some are classic (like placing a subscription line for ... READ MORE
November 2019
CHICAGO, IL – October 2, 2019 /PRNewswire/– Fund Finance Partners (FFP) today announced the launch of their new fund advisory business. FFP co-founders Zac Barnett and Richard Wheelahan bring a combined 35+ years of direct experience in the fund finance space. FFP will improve ... READ MORE
November 2019
October 22, 2019 – As fund finance product evolution continues to chase the rapid specialization and growth of the asset management industry, fund sponsors and asset management firms (each a “Sponsor”) are taking advantage of management company lines of credit (each a “MC ... READ MORE
November 2019
November 6, 2019 – For well over a decade, the most innovative asset management firms have utilized “Subscription Facilities” (subscription-backed credit facilities—also known as “capital call” or “capital commitment” facilities)—as an important source of liquidity for their funds and SMAs (“Funds”). ... READ MORE
October 2019
October 16, 2019 FFF this week got hold of Zac Barnett and Richard Wheelahan, who last week announced the founding of Fund Finance Partners. Here is our conversation. FFF: Congrats on launching Fund Finance Partners! Tell us about the business and the ... READ MORE
September 2019
September 17, 2019 – Despite many media reports and articles to the contrary, fund sponsors should not be apologizing to their investors for availing themselves of the many advantages of a subscription-backed credit facility. It is true that the origin of these facilities ... READ MORE