Staff Writer
Both in terms of its use cases and sources of capital, fund finance is stepping into a new era. Adam Summers and Ariel Zell, co-heads of Fried Frank’s Fund Finance Practice, alongside their new partner John Oberdorf, explain this evolution.
Facing an uncertain outlook, Christophe Murciani, head of real estate debt at LBP AM European Private Markets, explains why he and his team are adopting a granular approach to real estate debt opportunities in the mid-market.
Eighty years after the start of the baby boom, a surge of demand for senior living is creating a significant need for capital deployment, say Locust Point Capital’s Eric Smith and Daniel Contardi.
Three regional heads of real estate debt at Nuveen – Christian Janssen, Jason Hernandez and Dugald Marr – give their perspectives on why this is such an exciting time for the asset class.
Asset selection, solid documentation and falling interest rates in Europe are all positive market indicators, according to Zachary Lewy, chief executive officer of Arrow Global.
Lenders that can look beyond cyclical trends in the fragmented European private credit market will be well positioned to benefit from long-term tailwinds, says Zach Lewy, CEO and CIO at Arrow Global.
Generating alpha and being able to quickly put capital to work are key advantages of fund finance, says Matt Hansford, European head of Barings Portfolio Finance.
Lenders are responding to an increase in non-institutional investors and semi-liquid vehicles, while GP borrowers are opening up to new sources of fund finance, say Edward Beecham and Megan Livingstone of Alpha Fund Finance.
An expanding borrower universe and new entrants on the lending side are driving innovation in fund finance, according to Meyer Dworkin, head of fund finance and structured credit; David Kennedy, partner; and Kwesi Larbi-Siaw, counsel at Davis Polk & Wardwell.
GPs are turning towards NAV financing as the market demands more flexible solutions and offers diversification for investors, says Arcmont’s head of NAV Financing, Peter Hutton.