In Global Legal Insights-Fund Finance 2021, Patricia Lynch & Patricia Teixeira Analyze Fund Subscription Lines
As private investment funds’ use of capital call facilities have dramatically increased in recent years, so has their scrutiny by fund investors and the financial press.
In a chapter in Global Legal Insights-Fund Finance 2021, finance partner Patricia Lynch and finance counsel Patricia Teixeira examine how investors, fund managers and the broad market have responded to guidelines put forth by the Institutional Limited Partners Association on the use of fund subscription lines.
The two finance attorneys explore the practical ways in which the ILPA recommendations have influenced the use of capital call subscription facilities, and how the recommendations are likely to shape the ways in which subscription facilities will be used in the future.