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IFA News, Regulatory and Conference Highlights – June 2024
News Preqin is currently exploring the possibility a sale. Goldman Sachs has raised USD13.1bn for its senior direct lending fund, West Street Loan Partners V. Takeaways from the Milken Conference: there was renewed focus on Middle Eastern fund managers; there was continued discussion surrounding consolidation in the private capital market with David Solomon, CEO of […]
Learn morePass-Through Expenses
The previous decade of fund-raising has seen consistent downward pressure from investors leading to reduced management fees across the private capital industry. However, recent data from Preqin1; has suggested that we are potentially seeing a return to the time-honoured maxim of “2 and 20” applied to private funds, on the closed-ended side of the industry. […]
Learn moreA New Frontier for Fund Finance: Ratings for Subscription Line Facilities
A New Frontier for Fund Finance: Ratings for Subscription Line Facilities The subscription line facility market has increased substantially – estimates suggest that 90% of newly launched European closed ended funds plan to use subscription line financing and that the market has nearly doubled between 2017 and 20221. This rate of growth in the market […]
Learn moreThe SEC’s New Rule 13f-2
The SEC has adopted a new rule 17 CFR 240.13f-2 (“Rule 13f-2”) to require institutional investment managers to report short positions and activity data for their equity securities. The SEC plans to aggregate and publish the filed shorting data within a month of each reporting period on an anonymous basis. Rule 13f-2 shall be effective […]
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