This publication covers legal trends and developments in the greater fund finance markets, providing law firms, financial institutions, funds and investors with a comprehensive insight.
Richard Fletcher and Yagmur Yarar have authored a chapter in the Global Legal Insights to: Fund Finance 2024. The chapter looks at what constitutes "umbrella facilities", also known as "master facilities" (including how they compare and contrast with more standard fund finance facilities). It explores the pros and cons of using these products from the perspective of a sponsor.
The chapter also covers which types of funds tend to use umbrella facilities and the outlook for the future of umbrella facilities in the market.
Read the full chapter below. Chapter content:
- Overview
- Description of umbrella facilities
- A brief history of umbrella facilities
- Types of umbrella facilities
- Recourse and security
- Pros and cons
- Who and where?
- Conclusion and outlook
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