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Mary Touchstone and Julia Kohen Interviewed in a Private Equity Law Report Q&A
04.29.20
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Partners Mary Touchstone and Julia Kohen were interviewed by Private Equity Law Report for an article titled, “Alternative Financing Facilities: How Management Company Facilities Offer Liquidity for Sponsors’ Working Capital Needs.” The Q&A explores management company facilities, which provide working capital for PE sponsors in exchange for pledges of the management fees paid by their underlying PE funds, and the increase in such facilities as a response to PE sponsors seeking liquidity. In the article, Mary and Julia touch on the features and uses of those facilities, key negotiation points with lenders, and issues PE sponsors should consider when deciding whether to utilize a management company facility.
To read the full Q&A, please click here.