Fund Finance

DOWNLOAD: Fundraising sees Q3 revival

Fundraising bounced back in Q3 with average fund size continuing to increase, according to the latest PDI Fundraising Report.

HSBC Asset Management seeks $1bn for NAV financing

The strategy will aim to exploit growing demand for fund finance among the private equity industry.

Configure Partners report finds aggressive dealmaking

Lenders are stretching terms amid an overabundance of dry power and too few deals.

Florida SBA faces setback in efforts to introduce CFOs

The $257bn pension has been seeking alternatives to secondaries sales to avoid taking massive discounts in such transactions.

Fitch wades into rating NAV loans

Agency publishes criteria for NAVs backed by LP secondaries interests, with plans to rate other NAV types down the road.

Barclays: Creditor-on-creditor violence to continue

Barclays’ liability management exercise report depicts a normalisation of the practice, and a scramble for creditors to protect themselves.

ILPA seeks LPAC vetoes and full disclosure over NAV loans

Trade group calls for LPAC consent in some cases, and for new fund documents to cover usage and limits.

Barings loses a round against Corinthia

Court denies motion to prevent another employee from joining UK-based Corinthia.