The Institutional Limited Partners Association (ILPA) has issued a new Continuation Fund Disclosure Template, designed to standardise and clarify the key information LPs typically receive during continuation fund transactions. It builds on ILPA’s 2023 Continuation Fund Guidance and aims to strengthen transparency, reduce potential conflicts of interest, and support a more streamlined roll/sell evaluation process.

The template is intended to complement, rather than replace, materials prepared by GPs and advisers, while directing LPs to relevant supporting documents.  It is intended to promote clearer communication and a more efficient assessment of continuation fund opportunities for LPs.

In this webinar our speakers – representing lender, sponsor and adviser perspectives – provide an Introduction to ABLs in Europe.

Europe’s asset-based lending (ABL) market is growing, driven by the continuing growth in private credit and demand from LPs for levered strategies.  In this webinar, Sabih Hussain (Head of Capital Markets at Corinthia Global Management), Dan Marcus (Partner at King & Spalding) and Chin Lim (Managing Director at Citi Global Credit Financing) discuss:

• Use cases for, and structuring of, ABLs
• Growth and development of ABLs in Europe vs the US
• How asset security works in ABLs
• Different types of ABLs and comparison to subscription facilities
• Future of ABLs

This webinar is available on-demand and is the fourth in a series of LMA educational webinars on structuring and documentation of fund finance transactions.

This webinar is the third in a series of LMA educational webinars on fund finance. In this webinar our speakers – representing lender, sponsor and adviser perspectives – provide an Introduction to NAV facilities.

NAV facilities are inherently bespoke.  Their structure and application can vary significantly depending on various factors – including asset class, type of lender, underlying portfolio, security structure and more.    

This introductory webinar is the first in a series focusing on NAV facilities. Nav Benning (Partner at Ashurst), Steve Burton (Managing Director at NLC Capital Partners) and Ben Williams (Managing Director at Foresight Group) discuss:

• What NAV facilities are and how they differ to subscription facilities
• Key areas of consideration, including uses, NAV calculation, security packages 
• Scrutiny around NAV facilities and best practices

This webinar is available on-demand and is part of a series of education on structuring and documentation of fund finance transactions.