Fund financing
Haul of large funds closings in Q1 2023 clouds new managers outlook – conference
Good news is drop in valuations could feed good vintages in the coming years, participants at SuperInvestor tell Unquote
PE capital calls at 10-year low in 2021– Investec
Research cited the prevalence of fund financing and the increasing size of funds as reasons for the slow-down
Pemberton assesses European market for NAV strategy
Having hired Tom Doyle from 17Capital, the firm is looking at trends including generational change and market consolidation that will drive demand for strategy
GP Profile: 17Capital eyes buoyant NAV financing market
Unquote speaks to managing partner Pierre-Antoine de Selancy about the GP's strategy and market view
Oaktree and 17Capital announce strategic partnership
Oaktree is to take a majority stake in the London-headquartered specialised NAV financing provider
Triton secures €1.45bn syndicated ESG-linked facility
Triton is the latest in a string of mainstream GPs to have announced ESG-linked loans this year
Fund financing and ESG: from the impact niche to the mainstream
ESG-linked fund financing facilities are becoming a prominent т and well publicised т tool in the ESG toolbox for GPs and lenders
Carlyle backs European strategies with ESG facility
Credit facility is linked to targets such as board diversity and greenhouse gas emissions monitoring
CapMan takes ESG-linked facility for CapMan XI
Raiffeisen Bank International and Danske Bank have provided the capital call bridge facility
ICG takes EUR 1.45bn ESG-linked facility for Europe VIII
Standard Chartered Bank was coordinator and mandated lead arranger on the facility
17Capital raises USD 4.5bn across preferred equity strategies
Fundraise includes a USD 2.9bn final close for 17Capital Fund 5, which surpasses its target
Aliante Partners secures preferred equity with Pomona
Deal includes a liquidity option for LPs and a second preferred equity line for add-on acquisitions
17Capital provides portfolio finance facility to Investcorp
Deal results in exposure to a portfolio of PE, real estate and credit assets in the US and Europe
Waterland secures €500m ESG facility for eighth fund
ABM Amro, Rabobank and Natixis arrange the facility for the GP's €2.5bn latest fund
RBS appoints new fund finance director in Luxembourg
Bank appoints Philip Prideaux to drive its Luxembourg funds banking offering
ABN Amro backs ESG-linked facility for AlpInvest
Facility is for AlpInvest Co-Investment Fund VIII, with interest payments linked to ESG performance
Investec provides ESG-linked NAV facility for Bluewater
Facility is related to the portfolio of Bluewater Energy Fund I, which closed in 2013 on $861m
Q&A: 17Capital's Thomas Doyle
"We see no ceiling for the adoption of NAV-based financing as a standard tool for portfolio management"
Video: Travers Smith's Sam Kay on fundraising's paradigm shift
Unquote interviews Sam Kay from Travers Smith, finalist in the Fund Structuring category at the 2020 British Private Equity Awards
BVCA summit: fund financing boom necessitates tailoring
Market participants discuss IRR-enhancing tactics, emergency liquidity and negotiations with LPs
OakNorth Bank provides fund facility to BlueGem
Key investors include Glendower Capital, Blackstone's Strategic Partners and BMO Global Asset Management
17Capital provides £125m in preferred equity to Exponent III
LPs in Exponent III include Aberdeen Standard Investments, Central Pension Fund and CNP Assurances
17Capital invests €100m preferred equity in European fund
Funds provided will enable the manager to invest further in their existing portfolio companies
Unquote Private Equity Podcast: Fund financing in a fix
The Unquote team looks at how PE managers are turning to fund financing in a bid to shore up their portfolios