Private Equity
Thomas Mayrhofer explains what he considers best practice for the use of credit lines.
3 min read · 20 September 2017
Almost all funds the corporate pension invests in have the ability to use a subscription line of credit, according to UPS portfolio manager Brady Hyde.
1 min read · 07 September 2017
Private equity firms that do not sufficiently disclosure how they calculate IRR could face enforcement action, writes Vivek Pingili, vice-president of compliance at consulting firm Cordium.
3 min read · 14 July 2017
Officials at the public retirement plan behemoth are set to provide feedback on Monday.
3 min read · 11 July 2017
Guidance announced this week on how subscription lines should be used by fund managers comes at a time when the industry is getting to grips with best practice on this now controversial issue.
3 min read · 03 July 2017
Quarterly reports to investors must be explicit on the use of subscription credit lines, while LPs must ask for data that discounts the impact of borrowed cash, the lobby group recommends.
3 min read · 27 June 2017
Demand for subscription credit lines is now being driven by the needs of separate accounts, say Jeff Johnston and Mike Mascia of the Fund Finance Association.
2 min read · 06 June 2017
Olivier Carcy, who oversees a $3.2bn private equity programme at wealth manager Indosuez, said LPs should be compensated for the use of their credit rating.
3 min read · 30 May 2017
Firms should review whether capital from reinvestment or subscription credit lines should be included in IRR calculations.
2 min read · 23 May 2017
Per Olofsson, head of alternative investments at the Swedish pension fund, said subscription credit lines should be used for capital efficiency and not to artificially boost IRRs.
2 min read · 22 May 2017
