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Global Private Equity Newsletter - Winter 2020 Edition: Giving Birth to SOFR — LIBOR Pains?

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

The ABCs of Fund Finance: Credit Facilities for Secondaries Funds and Funds of Funds

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

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