Home Fund Finance
Fund Finance
Subscription finance is busier than ever, prices are rising and competition among lenders is on the rise despite the pandemic.
Flashpoint Secondary Fund is anchored by the Scheinberg family office, which represents the founders and former owners of online gaming website Pokerstars.
Capital-raising for secondaries vehicles last year grew almost threefold, with Ardian, Lexington Partners and Goldman Sachs leading the charge.
With a record $95.6bn raised for secondaries vehicles last year, the question is how the fundraising party will carry on.
Celeste Barone has been named president and chief client officer of 4Pines Fund Services.
The firm is among a group of mid-sized buyers that focus on lower-mid-market and mid-market secondaries deals.
The value in the range of liquidity options available to private equity managers lies in their bespoke nature, write Katie McMenamin and Ed Ford in this sponsored article.
And why your next subscription credit facility will be more expensive.
The Neuberger Berman unit has securitised future cashflows from underlying GPs' management fees to return distributions to its LPs.
The latest guidance from the LP body encourages GPs to disclose net IRR with and without the use of such facilities, in addition to the methodology used to reach that figure.