Recent developments suggest that deals which priced prior to March 31 will not be subject to the Joint Committee’s interpretation of the sole purpose test.
As detailed in our OnPoint published earlier this week (which...more
With President-elect Trump announced as the winner of the 2024 election, the private equity and private credit sectors are poised for significant developments. Positive economic trends, such as waning inflation, anticipated...more
11/7/2024
/ Acquisitions ,
Antitrust Provisions ,
Banks ,
CFIUS ,
Compliance ,
Consumer Financial Protection Bureau (CFPB) ,
Corporate Taxes ,
Credit ,
Cryptocurrency ,
Disclosure Requirements ,
Environmental Policies ,
Environmental Protection Agency (EPA) ,
Environmental Social & Governance (ESG) ,
Federal Trade Commission (FTC) ,
Financial Services Industry ,
FinTech ,
Greenhouse Gas Emissions ,
Independent Contractors ,
Inflation Reduction Act (IRA) ,
Infrastructure ,
Investment ,
Mergers ,
NLRA ,
Non-Compete Agreements ,
Paris Agreement ,
PFAS ,
Popular ,
Private Equity ,
Securities and Exchange Commission (SEC) ,
Tax Cuts ,
Tax Cuts and Jobs Act ,
Unions
Potential Election Impacts on the Private Equity and Private Credit Sectors -
While the 2024 election cycle may introduce temporary uncertainty, the convergence of positive economic trends such as waning inflation,...more
10/29/2024
/ Acquisitions ,
Carbon Emissions ,
CFIUS ,
China ,
Credit ,
Disclosure Requirements ,
Federal Trade Commission (FTC) ,
Greenhouse Gas Emissions ,
Inflation Reduction Act (IRA) ,
Institutional Investors ,
Investment Adviser ,
Investors ,
Lenders ,
Lending ,
Mergers ,
NLRB ,
PFAS ,
Private Equity ,
Regulatory Agenda ,
Securities and Exchange Commission (SEC) ,
Special Purpose Acquisition Companies (SPACs) ,
Tax Cuts
Private credit has emerged as a compelling option for investors. With banks continuing to pull back due to government regulation and a changed risk landscape (among other things), a significant opportunity presents itself for...more
As market participants debate whether the recent bank shutdowns and the government-sponsored sale of Credit Suisse may be a precursor for another “Lehman Moment,” we are reminded of yet unresolved issues that followed the...more
The Securities and Exchange Commission issued an order on April 8, 2020, providing relief to business development companies whose operations may be affected by the COVID-19 coronavirus outbreak (Order). In the Order, the SEC...more
The process of identifying and implementing a new benchmark rate of interest to replace LIBOR for U.S. Dollar-denominated loans is underway. On account of the widely reported charges of manipulation in connection with the...more
In this report, members of Dechert’s multidisciplinary permanent capital team provide a round-up of legal and business considerations for private credit, BDCs and everything in between.
Topics covered include:
-...more
4/12/2019
/ Acquisitions ,
BDC ,
Business Development Companies ,
Business Tax Credits ,
Capital Formation ,
Close-Ended Funds ,
Collateralized Loan Obligations ,
Corporate Restructuring ,
Credit ,
EBITDA ,
Investment Company Act of 1940 ,
Leveraged Finance ,
Mergers ,
Securities and Exchange Commission (SEC) ,
Structured Financial Products ,
Tax Reform
Private equity funds raised the second-highest level of capital for investments in secondary private equity interests in 2016. According to Preqin, 19 funds secured $23 billion in investor capital.1 This level was surpassed...more
4/28/2017
/ Borrowers ,
Credit ,
Hedge Funds ,
Investors ,
Lenders ,
Limited Partnerships ,
Loans ,
Private Equity ,
Secondary Markets ,
Securities ,
Special Purpose Vehicles ,
Uniform Commercial Code (UCC)
In marked contrast to the emerging U.S. deregulatory climate, the G-20’s Financial Stability Board (FSB) has issued Policy Recommendations for the regulation of four “structural vulnerabilities” in the asset management...more
3/3/2017
/ Asset Management ,
Derivatives ,
Financial Stability Board ,
G20 ,
Investment Funds ,
IOSCO ,
Leveraged Finance ,
Liquidity ,
Securities ,
Stress Tests ,
UK