As the private funds sector grows and matures, financing solutions are increasingly required by funds and fund managers. The need for finance can vary, from equity bridge or capital call facilities used to assist liquidity and speed of execution for private equity funds, to more esoteric products used by hedge funds in addition to their prime brokerage agreements, such as NAV based margin loans to provide liquidity or leverage and equity or fund linked derivative solutions.
Our finance practice comprises leaders in both derivatives and bank lending, and with our combined expertise, we advise clients on all aspects of funds financing from conception, to structuring and execution.
Where required we can call on the skills of our leading funds and regulatory lawyers who are at the forefront of developments in the market.
The lawyers in our team have advised on some of the most innovative and complex deals in the market. We have advised both lenders and custodians on template and programme loan and derivative documentation, in addition to leading on numerous transactions for lenders and asset managers. The nature of this work is cross border and we have led deals involving all of the principal jurisdictions where private funds are domiciled and are familiar with the fund structures used in the market.
Because we have advised both funds and banks in this area, we are able to bring a balanced efficient and commercial approach to transactions, maintaining technical excellence.
- Advising a Californian bank on a capital call line of credit to one of the top venture capital firms investing in high-technology companies across Europe.
- Advising a multinational bank in connection with an equity subscription line of credit to a multi-sector private equity fund based in the United Kingdom.
- Acting for a number of international banks on a series of loans to hedge funds secured over a collateral pool of investments, including dealing with all applicable security and custodian issues and the provision of advice on the Financial Collateral Regulations.
- Acting for a lender on a capital call facility to a UK private equity fund capable of being drawn by way of letters of credit to finance acquisitions and capex by its investment portfolio.