Private Equity
PEI caught up with Fi Dinh, who led ING's first ESG-linked revolving credit facility, to discuss fund terms, interest rate calculations and sustainability targets.
3 min read · 15 October 2019
The bank provided a subscription credit facility for Singapore's Quadria Capital that pegs its interest rate to fund-level ESG performance.
3 min read · 14 October 2019
Credit lines are contentious but their ability to improve IRR appears limited to the most strongly performing funds and funds early in their life, writes Christoph Jäckel of Montana Capital Partners.
6 min read · 04 September 2019
ATP PEP will ask GPs to provide an IRR that has been adjusted to compensate for the use of subscription credit lines, managing partner Torben Vangstrup told PEI.
3 min read · 27 August 2019
The firm tries to secure non-recourse financing, long-term maturities and little-to-no financial maintenance covenants, according to chief executive Cyrus Madon.
2 min read · 07 August 2019
On its Q2 earnings call, chief financial officer Bill Janetschek detailed the way the firm handles credit facilities.
1 min read · 06 August 2019
Private Equity International speaks to LPs and GPs about the industry body's updated guidelines.
3 min read · 08 July 2019
GPs must think carefully about how fund level leverage affects performance at the fund level and by extension, their own stability.
4 min read · 19 June 2019
The bank's secondaries advisory group has teamed up with its fund financing unit and has executed around 20 private equity loans over the last two years.
2 min read · 17 June 2019
TPG veteran Ben Gray’s firm is understood to be using credit lines to avoid fee-drag on Australia’s largest first-time fund.
4 min read · 22 May 2019
