Fund Finance Friday | Industry Conversations

In this week’s Fund Finance Friday: Industry Conversations, Sammy Asoli, the newly minted Global Head of Subscription Secured Finance at SMBC, joins Mike Mascia and discusses his new role, virtual leadership, what they are seeing in the market, predictions for 2021 and taking garden leave during a global pandemic.   To learn more, visit fundfinancefriday.com

In this week’s Fund Finance Friday: Industry Conversations, long-time fund finance banker Charles Newcomb, Managing Director at Signature Bank, joins Mike Mascia and gives his thoughts on current market conditions, his forecasts for the 4th quarter and beyond, and his experience with return to work.  For more information, visit cadwalader.com or fundfinancefriday.com

In this week’s Fund Finance Friday: Industry Conversations, Jeremy Cross is joined by the Founder of Avardi Partners, Sarah Lobbardi. Sarah gives us an insight into the founding of and philosophy behind Avardi Partners as well as her insights on the current and future direction of the Fund Finance market.   For more information, please visit fundfinancefriday.com

In this week’s FFF: Industry Conversations, Jeremy Cross, a Cadwalader partner and member of our LIBOR Preparedness Team in London, discusses the state of play and issues around the proposed replacement of Sterling LIBOR with “SONIA” with two other members of the LIBOR preparedness team in London, special counsels Michael Sholem and Assia Damianova. The discussion covers all the high-level things you need to know, including what a “risk-free rate” is, the main differences between SONIA and LIBOR, the documentary and other changes that this will require, the implications of this on Margin and other costs, what market participants need to be thinking about and when, as well as some of the issues and questions that still remain.  For more information, please visit fundfinancefriday.com  

In this week’s FFF: Industry Conversations, Jeff Nagle, a Cadwalader partner and member of our LIBOR Preparedness Team, teaches a SOFR 101 session. He covers all the high-level things you need to know, including how SOFR is actually calculated, how it differs from LIBOR, what its variations are and which are best, how margins will be impacted, what the expected market conventions are, and what comparable rates exist for non-dollar denominated loans. With the LIBOR phase-out date approaching, the session teaches the basics you need to know to be prepared for moving to SOFR benchmark rates. Additionally, Mack McDonald, CEO of Renaissance West Community Initiative, provides an update on the great work the non-profit is doing to tackle generational poverty with a holistic approach.

In today’s Fund Finance Friday: Industry Conversations, Cadwalader's Samantha Hutchinson hosts Marlborough Partners' Kieran Welsh to discuss the impact of COVID-19 on fund finance products, appetite for asset-backed facilities and the market outlook for H2. For more, please visit fundfinancefriday.com.

In today’s Fund Finance Friday: Industry Conversations, Cadwalader's Samantha Hutchinson hosts Stephen Quinn of 17Capital to discuss liquidity solutions during the COVID-19 era. For more information, please visit fundfinancefriday.com.

In this week’s FFF: Industry Conversations, Taylor Johnson of Nuveen Investments joins Cadwalader’s Mike Mascia and discusses his fund finance and property-level market observations, including where he sees gaps in available lender-side supply and where he thinks banks could innovate to bring value to fund borrowers in the current environment. To learn more, visit fundfinancefriday.com or cadwalader.com.

In today’s Fund Finance Friday: Industry Conversations, Mike Mascia of Cadwalader hosts Mike Breaux, Director at Stifel Bank, who gives an update on the bank’s fund finance practice and his market observations; Tess Virmani, Associate General Counsel at the LSTA, who discusses the LIBOR transition and incorporating ESG standards in loan transactions; and Tina Meigh of the Maples Group, who offers a practical viewpoint from the trenches on obtaining Cayman registrations to comply with the Private Funds Law.   Visit fundfinancefriday.com for more info. 

In today’s Fund Finance Friday: Industry Conversations, Mike Mascia of Cadwalader hosts Alexandra Woodcock and Alex Last of Mourant to discuss the Cayman Islands Private Funds law and its impact for lenders, and then Terry Hatton, Managing Director at MUFG, gives an excellent update on what the bank has seen in the first half of 2020 and what it is forecasting for the rest of the year.