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Given ESG-linked facilities are generating ‘a huge amount of interest’, we discuss whether they are the best way to incentivise change.
The listed manager has secured a £550m credit line which is linked to reduce scope 1 and 2 carbon emissions across its operations by 80% by 2030.
ESG-backed finance facilities have been one of the fastest growing areas of innovation in private equity over the last 12 months.
Private equity sponsors are driving ESG developments in fund finance, write Thomas Smith and Felix Paterson of Debevoise & Plimpton.
CFOs now have more financing tools than ever to drive success for their LPs, asset management platforms and principals, writes Zachary Barnett.
Samantha Hutchinson and Brian Foster examine how ‘PRAV’ facilities, preferred equity solutions and continuation financings can be used.
Bank capacity is under pressure as demand for capital call lines grows, but investors are stepping in, say Investec’s Jonathan Harvey and Neno Raic.
But investors express concern over shifting terms, with a significant minority worried about the extent to which GPs are using credit lines.
ESG-linked innovation is continuing to emerge in the fund finance market, say Debevoise & Plimpton partners Thomas Smith and Pierre Maugüé.
As emerging markets GPs continue to seek ways to address reduced liquidity and a challenging fundraising environment, law firm Akin Gump asks if NAV facilities could be part of the answer.