Cadwalader has recently seen a growth in the number of funds formed in Jersey and Guernsey that are party to subscription and NAV facilities. Trent Lindsay and Cassandra Best spoke with Julia Keppe, Senior Counsel at Walkers...more
Blocker entities are a common part of private equity fund structures. In many cases, blockers are used to insulate foreign and tax-exempt investors from direct tax liability in the fund’s home jurisdiction. Blockers are...more
Fund Finance Friday has previously provided an overview of traditional umbrella subscription facilities and their pros and cons – please see Wes Misson’s excellent article published in April 2019. Those were simpler times. ...more