Eric Starr

Jun 28, 2024 | jdsupra.com | Trent Lindsay |Christopher McDermott |Eric Starr

At the bottom of the stack in investment fund structures, there are generally “real” assets—things like equity interests in portfolio companies, mortgage loans, commercial receivables, maybe even bricks and mortar. Fund finance transactions, though, are by design crafted to be at several levels removed from such underlying assets.

Mar 29, 2024 | jdsupra.com | Jeffrey Nagle |Eric Starr

One of the important components of the collateral package for a subscription finance facility is the lender’s perfected security interest in the fund’s bank deposit account into which the actual cash constituting the proceeds of the capital calls are deposited (frequently called the “collateral account”).

Jul 9, 2023 | natlawreview.com | Eric Starr

Today we release the twelfth – and penultimate – installment of our Sovereign Immunity Series. In this part, we discuss and provide a high-level overview of how sovereign immunity is viewed specifically through the lens of fund finance transactions in the states of Utah, Vermont, Virginia, Washington and West Virginia. As a quick recap, a state’s immunity arises from its status under the 11th Amendment of the Constitution.