Key Issues for Loans to '40 Act Funds | Cadwalader, Wickersham & Taft LLP
To embed, copy and paste the code into your website or blog: While not as robust as we once anticipated, we have seen a steady flow of financings for alternative investment funds that are registered as investment companies under the U.S. Investment Company Act of 1940 (the “Investment Company Act”). In structuring financing transactions with registered investment companies, there are a handful of issues that lenders should be aware of. Below is a brief (and, by design, over-simplified) description of a few of the more common issues that are addressed in loan documentation: Validity of the...
Source: jdsupra.com