Chad Stackhouse News Today

With the recent downgrades issued to several banks by Moody’s and S&P in August, as well as the recent banking turmoil which occurred earlier this year, and the flurry of assignment...

Subtly pivoting from the topic of collateral accounts, introduced in the August 25, 2023 Fund Finance Friday (“FFF”) article by Chad Stackhouse and Katie Clardy titled “Control or...

M. Chadwick Stackhouse is a Lawyer at Cadwalader. Stackhouse is a Fund Finance partner in Cadwalader’s Washington, D.C., office.

Sovereign immunity refers to the proposition that the government cannot be sued without its consent, or in other words, the King can do no wrong, which is a centuries-old, universally applicable doctrine codified in the Eleventh Amendment of the United States Constitution.

In this week’s Fund Finance Friday, we release the first installment of our Sovereign Immunity Series, a new series in which we examine, in alphabetical order, the sovereign immunity...

We continue to see significant interest in NAV financing products in both the U.S. and European markets, which is reflected in double digit year-over-year growth in our deal activity...

We continue to see significant interest in NAV financing products in both the U.S. and European markets, which is reflected in double digit year-over-year growth in our deal activity for these facilities to date.

There has been an uptick in new lenders willing to provide NAV financing. Spike in interest in NAV lending was explained by sponsors hesitant to call capital from LPs during pandemic uncertainty and inability of private equity-backed companies to obtain affordable financing.