Last month I joined several of my Cayman colleagues in the
bright lights of New York for the Funds Finance Association's
snappily named 6th Annual Global Funds Finance Symposium. And
yes – we did remember to pack our thermals!
The Funds Finance Association mainly concentrates on
subscription finance – lending against the uncalled
commitments of the investors (for more details please see
my previous blog. But it also covers other parts of lending to
funds. The event was attended by all the major players in the
industry, including Harneys, who was one of the sponsors of the
event.
Judging by the number of banks and pension companies that were
attending for the first time, it looks like the subscription
finance market will continue to go from strength to strength. It
has certainly come a long way since its infancy and there are now
over US$200 billion in global lender commitments. I remember the
utter confusion from the lawyers acting on one of the
