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The year 2024 was one of innovation and growth for the fund finance market. In October, Ares published its fund finance whitepaper, in which it estimated the global fund finance market.

California Governor Gavin Newsom has released his "May Revision" budget, which updates his initial FY2023-24 budget proposal released in January. His updated budget totals $307...

On this episode of Ropes & Gray's podcast series A Word for Our Sponsors, Deb Lussier, partner and co-leader of the sponsor solutions practice, and Marc Migliazzo, counsel in the sponsor...

Net Asset Value ("NAV") credit facilities are a tool that borrowers may use to access financing based on the value of their underlying investment portfolio.

On February 3, 2025, President Donald Trump issued Executive Order 14196 (the "EO") directing the Secretary of the Treasury and the Secretary of Commerce, in coordination with the Assistant to the President for Economic Policy, to develop a plan for the establishment of a United States sovereign wealth fund.

In this episode of CFO Weekly, Sam Wehbe, Chief Financial Officer at Medical Teams International, joins Megan Weis to dive into the vital balance between financial health and humanitarian...

There is a spectrum of potential financing structures for a private credit fund (a "Credit Fund") to obtain liquidity, including at various levels in the fund structure, such as at the fund level or by incurring debt...

For years, the YA Global litigation has attracted the attention of many tax practitioners and private fund industry stakeholders.

In Law360, Matt Posthuma examines key LP provisions during market downturns. The U.S. and world economies are experiencing an economic slowdown, perhaps the beginning of a recession.

Following its August 2022 consultation on the broader retail distribution of interests in a Long Term Asset Fund (LTAF), the FCA published its Policy Statement PS23/7...

The following summarizes recent legal developments of note affecting the mutual fund/investment management industry.

Welcome to the fifth edition of the Private Markets Update, a report in which our cross-border, multidisciplinary team of private capital advisers shares insights on the latest...

The following summarizes recent legal developments of note affecting the mutual fund/investment management industry.

The following glossary is intended to serve as a reference tool for those that are new to the private equity fund finance space by demystifying some of the more commonly utilized terms in the fund finance industry with respect to subscription credit facilities.

On March 19, 2026, the federal banking agencies issued a package of proposed changes to the regulatory capital requirements for banking institutions of all sizes, from the largest GSIBs and super-regional banks to community banks. This package of proposals (the “Proposed Rules”) is a second full attempt at implementing the 2017 “Basel III Endgame” international framework—following the agencies’ initial package of proposals in July 2023 (the “2023 NPR”)—to better reflect credit, trading and operational risk in the calculation of regulatory capital ratios.

The revised Alternative Investment Fund Managers Directive (AIFMD2) introduces new requirements for funds managed by EU-based alternative investment fund managers (AIFMs) that originate loans.

On August 28, 2024, FinCEN issued a long-awaited final rule that will make most SEC-registered investment advisers and exempt reporting advisers "financial institutions" for purposes of certain anti-money laundering laws and regulations under the Bank Secrecy Act.

On 12 July 2023, the Securities and Exchange Commission (the SEC) adopted amendments to Rule 2a-7 under the Investment Company Act of 1940, as amended (the 1940 Act)...