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,…

Umbrella Facilities

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 a new fund) and some are unique (developing products for completely new investment strategies).  One…

Hybrid Credit Facilities

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”). At Fund Finance Partners, we have witnessed Subscription Facilities used in order to quickly…

New U.S. Debt Advisory Business

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 efficiency and investor returns for fund sponsors by optimizing fund and…