Fund Finance

The House bill includes a proposal to limit interest deductibility, and measures that will increase personal taxes paid by fund managers.

Early figures indicate it could be a stellar market this year on the back of several large stapled deals and fund closes in H1.

Sponsors of secondaries and funds of funds should be mindful of several key issues that can arise when structuring and negotiating these financing arrangements, according to law firm Dechert.

The use of subscription facilities by funds has seen its criticism, but the practice is not without its positives, write Thomas Smith and Almas Daud.

Trevor Blake is the fourth person to leave the secondaries specialist in the past year.

Fund managers and auditors expect EU regulators to follow US lead and begin overseeing fund valuation processes.

The hires, which include Barclays and Debevoise & Plimpton professionals, brings the number of members in the specialist investment bank's unit to 19.

Medical Research Future Fund, part of Future Fund, plans to acquire mature private equity stakes and commit to managers who hold assets for shorter time periods.

The direct secondaries firm, which is planning to open a Mumbai office, has made a $21m investment in construction and engineering companies in India.

CFOs can offer investors another route into a growing market, write Park Hill’s Adrian Millan and Pablo Caló.