Our first briefing paper of the new year comes from Fieldfisher's newly launched Funds Finance practice group.
The team achieved a Tier 3 ranking in the most recent Legal 500 guide and are well placed to advise on transactions in this rapidly growing area. In this paper, they set out the key considerations for Limited Partnerships raising debt secured against the uncalled financial contributions of their limited partners.
Our second article concentrates on lending to private sector Occupational Pension Schemes. Banking partner Andrew Evans and Pensions partner David Gallagher take us through the practical considerations for lending to these highly regulated schemes and provide food for thought for any lenders looking to make funds available.
In our third article, we look at the disclosure requirements for borrowers in the context of single stock lending and securing debt against a borrower's listed shareholding. In the context of a post-Brexit world, the article serves as a timely reminder that borrowers and lenders may now need to comply with both EU and UK legislation.
Lastly, we bring our attention to the Art world with two articles authored by our leading Art Law team. In the first of these, we set out our top tips for borrowing and lending against art; in the second we focus on how buyers, sellers and exhibitors can avoid unnecessary stress when it comes to art insurance. For more information on Fieldfisher's dedicated Art Law team and for further insights on this specialist area, please visit our Art Law web page.
If you wish to discuss any of the issues raised in the articles, please get in touch with me or anyone else in the Private Wealth team using the contact details below.
Briefing Paper: Funds Finance from a borrower's perspective – an English law technical guideGrowth in funds finance over the past decade has been immense – for example, private equity fundraising in the US surged with annual figures climbing from less than $60 billion in 2010 to a record $301 billion in 2019. Although growth in the last year may have been tempered by COVID-19, the expectation is that this source of finance will be reinvigorated again.
While there are a number of funds finance guides aimed at lenders, we felt it may be useful for a guide aimed at borrowers as this is a specialised area of law and different considerations apply. Download Funds Finance from a borrower's perspective here…
Download Lending to Pension Schemes here…
We will be back next quarter with another edition of the Wealth Finance Brief.
Fieldfisher's Private Wealth TeamPhil Abbott
Oliver Abel Smith
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