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Fund Finance

On its Q2 earnings call, chief financial officer Bill Janetschek detailed the way the firm handles credit facilities.
Private Equity International speaks to LPs and GPs about the industry body's updated guidelines.
GPs must think carefully about how fund level leverage affects performance at the fund level and by extension, their own stability.
money
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.
Time
TPG veteran Ben Gray’s firm is understood to be using credit lines to avoid fee-drag on Australia’s largest first-time fund.
Credit shops have traditionally avoided the strategy, but innovative new opportunities are luring them to carve a niche for themselves
Comments from one of the US's largest pension plans are a reminder that the debate around credit lines is not settled.
The use of facilities is so ingrained in the private equity industry that nothing short of an extreme event can turn back the tide.
La Defense, Paris
Banks are changing the way security notices are issued to LPs following the firm's collapse.
Provisions to allow this kind of borrowing are becoming better documented in LPAs, the co-head of Crestline's portfolio finance vehicle tells PEI.
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