Haynes and Boone, LLP is pleased to be a sponsor and participant in IMN's 14th Annual US Real Estate Opportunity & Private Fund Investing Forum at the Sheraton New York Hotel & Towers.
IMN's 14th Annual US Real Estate Opportunity & Private Fund Investing Forum
May 29-30, 2013 ? Sheraton New York Hotel and Towers ? New York, NY
To register, click here.
To view the complete agenda, click here.
Day Two: Thursday, May 30, 2013: Haynes and Boone, LLP Partner, Tim Powers will be on the panel scheduled for 9:10 a.m. entitled Subscription & Short Term Financing: New Commitments, Structures and Investor Complexities.
Financing secured by the capital commitments of investment grade quality (or similarly-profiled) fund investors can often be obtained on more flexible terms usually reserved for corporate issuers and at better pricing than other financing alternatives available to fund sponsors.. The current state of the market, emerging trends, and structuring of such facilities will be the focus plus...
? Typical terms, including pricing, tenor & maturities ? Line use availability/restrictions ? Security and collateral ? Issues relating to LCs ? New fund evaluation and considerations ? Changes in legal and documents ? Role of the LP & inherent issues ? Negotiated points ? Single vs. multiple fund issues ? Overcall provisions and side letter issues (Sovereign immunity) ? Jurisdictional complexities ? The lending syndicate ? Advances against different collateral types ? Liquidity in non-fund structures including GP financing and management company financing needs ? Post investment period financings
Session Chair:
Dee Dee Sklar, Managing Director, Head of Subscription Finance, WELLS FARGO
Panel Participants:
Julian Black, Partner, APPLEBY
Ananda Reynolds, Director, BANK OF AMERICA MERRILL LYNCH
Tim Powers, Partner, HAYNES AND BOONE, LLP
Charles R. Purse, Managing Principal, PARK HILL REAL ESTATE GROUP
James Conti, Director, Financial Institutions, STANDARD CHARTERED BANK
David Wasserman, Executive Director, SUMITOMO MITSUI BANKING CORPORATION
Terence Hatton, Senior Vice President, UNION BANK