Both established and emerging managers need capital, and the terms that capital is offered on can be crucial.
We frequently advise these managers on their onshore finance requirements, be that debt (secured or unsecured) or equity. It is vital that legal advice is sought at the beginning so the transaction stands against legal scrutiny, especially in the context of fund managers providing capital in their personal capacity.
We also advise on seed and platform arrangements, which frequently combine elements of equity and debt finance into one.
These matters may often have knock-on effects for the calculation of NAV for the fund, as well as the expense provisions.
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