In today’s Fund Finance Friday: Industry Conversations, Mike Mascia of Cadwalader covers off the Fund Finance legal updates occurring over the past two weeks, Graham Bippart, the Editor at Private Funds CFO that just completed a ten-part series on Subscription Facilities, discusses his funds finance research and writing, and Zac Barnett of Fund Finance Partners and Mike have a wide-ranging conversation about fund finance activity levels, the market segments where FFP is looking for lenders to fi...
Jul 10, 2020•39 min
In today’s video version of Fund Finance Friday: Industry Conversations, Pratap Dasgupta of Macquarie provides an update on the secondaries and greater NAV financing markets, Rich Young of Cadwalader discusses his next career chapter, Michelle Bolingbroke announces her more formal role with the Fund Finance Association, and Ken Bigelow, Managing Partner at Sionic, introduces his firm’s software solution for banks that is specifically customized and designed for subscription finance. Cadwalader’s...
Jun 26, 2020•23 min
In today’s video version of Fund Finance Friday: Industry Conversations, Tim Hicks, Partner at Cadwalader, provides a market update on the subscription facility sector, and Pramit Sheth, Managing Director at Kroll Bond Rating Agency, gives color on the types of fund finance transactions they are rating and what they are seeing in the market post-COVID. Additionally, Laura Clark, the CEO of the United Way of the Central Carolinas, discusses the tremendous uptick in community needs, what the Unite...
Jun 19, 2020•21 min•Ep. 13
In today’s Fund Finance Friday: Industry Conversations (check out Cadwalader's YouTube channel for the video version), Charlie Owens, Managing Director at Signature Bank, gives an update on what the bank is seeing and doing in the market currently, Ken Pierce, newly minted CEO of Lockton Capital Markets, describes the NAV-financing his firm is structuring and placing with insurance company lenders, and Cadwalader’s Samantha Hutchinson gives an update on the European market, with a deep dive into...
Jun 12, 2020•31 min•Ep. 12
In today’s FFF: Industry Conversations, we added video and connected with a host of fund finance market participants. Nick Mitra of Natixis joins to give a market update, Tina Meigh of the Maples Group provides an update on the Fund Finance Association, Rory Smith of Brickfield Recruiting provides an update on the hiring market, and Jeff Nagle of Cadwalader summarizes the best practices for LIBOR transition proposed by the ARRC last week. In addition, we feature a short but important discussion ...
Jun 05, 2020•48 min•Ep. 11
Melanie Herald, Managing Director, Head of Alternative Lending at State Street, joins Cadwalader’s Mike Mascia in this week’s podcast edition of Fund Finance Friday: Industry Conversations . Melanie discusses her role at State Street and her team’s market focus in fund finance. She also discusses the impact of COVID-19 on her team’s business, as well as that of the bank’s clients, and forecasts how the market is likely to evolve as a result of the disruption.
May 29, 2020•16 min•Ep. 10
Jan Sysel and Adam Summers, Partners at Fried Frank, join Cadwalader’s Mike Mascia in this week’s podcast edition of Fund Finance Friday: Industry Conversations . Jan and Adam cover what Fried Frank is seeing in fund formation and fund finance as the market stabilizes into month three of the disruption. They cover the current fundraising market, the pipeline for subscription facilities, and give forecasts around the impact on NAV facilities of mark write downs when 2nd quarter financials become ...
May 22, 2020•32 min•Ep. 9
Jesse Hurley, Head of Global Fund Banking at Silicon Valley Bank, connected with Cadwalader’s Mike Mascia in this week’s podcast edition of Fund Finance Friday: Industry Conversations . In the podcast, Jesse covers what Silicon Valley Bank is seeing in their fund finance portfolio, including investor capital call funding performance, facility utilization and pipeline opportunities. He also discusses the growth of the SVB Fund Banking team and their many new hires, predictions for the venture cap...
May 15, 2020•30 min•Ep. 8
Dave Philipp of Crestline Investors and Scott Aleali of First Republic Bank connect with Cadwalader’s Mike Mascia in this week’s podcast edition of Fund Finance Friday: Industry Conversations . In the podcast, Dave covers the breadth of the NAV-lending market, including detail about transaction structures and attachment points, addressing revised marks in an existing portfolio, the uptick in borrower inquiries post-COVID and forecasts for how the NAV and pref equity markets may expand and evolve...
May 08, 2020•55 min•Ep. 7
Sarah Elliott of National Australia Bank connects with Cadwalader’s Mike Mascia in this week’s podcast edition of Fund Finance Friday: Industry Conversations. In the podcast, Sarah gives an update of what National Australia Bank is seeing in the fund finance markets. She also discusses her recent LinkedIn post on the human tragedy surrounding us all from the COVID-19 virus along with the great hope, resilience and leadership she sees emerging from the difficult circumstances.
May 01, 2020•26 min•Ep. 6
Cadwalader’s Mike Mascia connects with Richard Wheelahan, founding principal of fund finance debt advisory firm Fund Finance Partners, in this week’s podcast edition of Fund Finance Friday: Industry Conversations . In the podcast, Rich covers what his fund sponsor clients are seeing in the market, where the current demand for fund finance is the highest and what it is like being a principal in a start-up during challenging times.
Apr 24, 2020•24 min•Ep. 5
Cadwalader’s Mike Mascia connects with Jeff Johnston, Managing Director and Head of Subscription Finance at Wells Fargo and Chairman of the Fund Finance Association, in this week’s podcast edition of Fund Finance Friday: Industry Conversations . In the podcast, Jeff and Mike have a wide-ranging conversation, covering not only what Jeff is seeing in his portfolio and how the FFA is adjusting to the uncertainty, but also some of the challenges of leading large teams during stressful circumstances ...
Apr 17, 2020•53 min•Ep. 4
Cadwalader’s Mike Mascia connects with Matt Posthuma, a Partner in Ropes & Gray’s fund formation group, in this week’s podcast edition of Fund Finance Friday: Industry Conversations . In the podcast, Matt gives an update on how the disruption is impacting fundraising in the real estate space, the state of real estate fund operations and capital call activity from his vantage point, and Investor performance on capital calls.
Apr 10, 2020•14 min•Ep. 3
With all the press reports on subscription facilities and investor liquidity, Cadwalader’s Mike Mascia sits down for this week’s Fund Finance Friday: Industry Conversations with Jennifer Choi, the Managing Director of Industry Affairs at the Institutional Limited Partners Association. In the podcast, Ms. Choi gives updates on how the investor community is weathering the disruption, the state of capital call activity, communication levels between GP’s and LP’s and investor sentiment on their liqu...
Apr 03, 2020•25 min•Ep. 2
Jocelyn Hirsch, partner at Kirkland & Ellis LLP, sits down with Mike Mascia to discuss how COVID-19 is impacting the Fund Finance markets.
Mar 27, 2020•16 min•Ep. 1
