News & Analysis as of

Private Equity Financing

Orrick, Herrington & Sutcliffe LLP

From Federal to State: Building the New Life Sciences Capital Stack | Life Sciences Snapshot – Q3 2025

This year, U.S. VC funding into the life sciences sector has cooled: Q1 softness was followed by a decade low in VC transactions in Q2. Despite the moderation in dealmaking volume, investors continued to deploy sizable...more

Fenwick & West LLP

AI Startups Outpace the Market Again - But for How Long?

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AI continues to be the standout in venture dealmaking, with Q1 2025 extending the sector’s winning streak. AI companies raised more capital and achieved significantly higher pre-money valuations than their non-AI...more

DLA Piper

Understanding the Impact of MOICs on MFN Provisions in Private Credit Transactions

DLA Piper on

The Most Favored Nation (MFN) provision in a loan agreement is a lender protection mechanism that is typically seen in credit facilities permitting an uncommitted incremental facility. The MFN provision, a term originating...more

Davis Wright Tremaine LLP

Food Venture Financing News – Weekly Issue No. 245

Food Venture Financing Trends - Ferrero, the maker of Nutella, is purchasing WK Kellog for $3.1 billion looking to grow their North American presence....more

Davis Wright Tremaine LLP

Food Venture Financing News – Weekly Issue No. 244

Food Venture Financing Trends - Branded egg producer Eggoz, based in India, raised $20 million in a Series C round to strengthen its market presence, expand into new locations, and invest in technology....more

Whiteford

Private Company M&A - Reverse Diligence: Questions Sellers Should Ask of Bidders

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When selling a private company, Sellers understandably focus on providing bidders with a comprehensive data room packed with detailed documents and information about every aspect of their business. They expect bidders to pore...more

Ropes & Gray LLP

Evolving Dynamics and Optimism; Our Forecasts for the Real Estate Market in 2025 for Private Capital

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In 2025, the real estate market for private capital will evolve considerably, driven by economic shifts, regulatory pressures, and advancements in technology. As a maturing debt landscape, rising demand for sustainable...more

White & Case LLP

Private credit leans on PIK flexibility in competitive market

White & Case LLP on

In the face of intensifying competition from the broadly syndicated loan market, private credit lenders are leveraging their ability to provide payment-in-kind flexibility to secure deals - Private credit lenders in the US...more

White & Case LLP

Margin loans come to private markets

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At a time when sponsors are holding onto assets longer than expected, margin loans in private markets are providing a valuable channel of liquidity- Drawn out hold periods and low exit volumes have put liquidity at a...more

Pillsbury - Gravel2Gavel Construction & Real...

Resilience: Unlocking Private Debt for Energy and Infrastructure | Episode 6

In the newest episode of Resilience, Pillsbury’s Shellka Arora-Cox and Brookfield Asset Management’s Brian Callahan discuss one of the most dynamic corners of the energy and infrastructure market: private debt....more

Pillsbury - Gravel2Gavel Construction & Real...

Investing in Data Centers

It seems like such a simple question. Who owns data centers? Ownership structures in the digital economy are more varied than might appear on the surface. While the largest computing and cloud service providers, such as...more

Wilson Sonsini Goodrich & Rosati

The Entrepreneurs Report: Private Company Financing Trends - Q1 2025

Wilson Sonsini is pleased to present the Q1 2025 edition of The Entrepreneurs Report. We’ve compiled a range of data on venture, convertible note, and SAFE financing transactions in which the firm was involved during the...more

White & Case LLP

Delayed-draw facilities: A key differentiator in a competitive market

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Competition between the private credit and broadly syndicated loan (BSL) markets is intensifying, with developments on both sides blurring the distinctions between the two products. One of these distinctive features is the...more

McDermott Will & Emery

Key Takeaways | Deploying Sponsor Capital: Tactical Financing Moves for Portfolio Companies

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During this session, the panelists explored whether portfolio company support should come from the sponsor or lenders when portfolio companies require additional funding. They discussed when to deploy sponsor-backed financing...more

McDermott Will & Emery

Key Takeaways | Sponsor-Led Syndications: How To Get From a Grid to a Club

McDermott Will & Emery on

During this session, the panelists discussed key considerations for selecting and managing lenders ahead of participating in a debt syndicate, including how to evaluate potential lenders, compare key terms, and choose club...more

Goodwin

Crafting a Competitive LOI in Lower Middle Market M&A

Goodwin on

In the lower middle market — typically deals between $10 million and $100 million — the letter of intent (LOI) serves as a pivotal document that sets the tone for the transaction, shapes the seller’s expectations, and...more

Davis Wright Tremaine LLP

Food Venture Financing News - Weekly Issue No. 236

Food Venture Financing Trends - Danone plans to acquire a majority stake in Kate Farms, a plant-based nutrition shake brand....more

McDermott Will & Emery

Transaction and Financing Trends in Life Sciences - European Health & Life Sciences Symposium 2025

McDermott Will & Emery on

In April, McDermott was pleased to once again host our annual European Health & Life Sciences Symposium in Paris. Welcoming a crowd of more than 300 innovators, investors, business leaders and advisers from across the...more

White & Case LLP

Net asset value finance gains ground with infrastructure managers

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The increase in the use of fund finance by private equity is carrying over into the infrastructure fund space, with managers using net asset value and back-leverage facilities to unlock liquidity for investors and portfolio...more

Levenfeld Pearlstein, LLC

M&A Insights Series – Valuation Expectations and Industry Trends: A Conversation with Dave Kakareka of Balmoral Advisors (Part 1)

To help businesses, owners, investors, and deal professionals better understand the evolving M&A market, Robert Connolly – a partner in LP’s Corporate Practice Group and leader of LP’s Independent Sponsor and Private Equity...more

Levenfeld Pearlstein, LLC

Valuation Trends, Buyer-Seller Dynamics, and Advice for Sell-Side Businesses: A Conversation with Michael Norton of Houlihan...

Below is part 2 of his conversation with Michael Norton, Director of Business Development at Houlihan Capital, a solutions-driven valuation, financial advisory, and investment banking firm. In this Q&A, Michael delves into...more

Akin Gump Strauss Hauer & Feld LLP

The Ascent of Private Credit in Sports: An Era of New Opportunities

The sports industry has become a significant global economic force, generating hundreds of billions of dollars annually on a worldwide basis and operating within an increasingly complex financial landscape. Professional...more

Cadwalader, Wickersham & Taft LLP

Secondaries Shift, April 2025 - Secondaries Outlook: A Market All Grown Up

We are now more than a full quarter into 2025, and it has been a very busy start to the year for the CWT fund finance practice, thanks in part to a busy quarter for secondaries fund finance deals. This is on the back of an...more

Whiteford

Private Company M&A - Earn-Outs: Gravy on Top?

Whiteford on

Periodically, particularly during economic downturns or times of market uncertainty, the private M&A market experiences a significant increase in the use of earnouts. As was the case following the Great Recession and the...more

Cadwalader, Wickersham & Taft LLP

Give and Take February 2025 - When Relationships Go South

In entering into a fund financing, both the Lender and the Fund have expectations that the relationship will be a success.  The Lender is appreciative of the association, and the Fund is confident in its ability to raise...more

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