At the bottom of the stack in investment fund structures, there are generally “real” assets—things like equity interests in portfolio companies, mortgage loans, commercial receivables, maybe even bricks and mortar. Fund finance transactions, though, are by design crafted to be at several levels removed from such underlying assets….
By: Cadwalader, Wickersham & Taft LLP
By: Cadwalader, Wickersham & Taft LLP
