Haynes Boone Fund Finance Report Reveals Growth Outlook Despite Challenges

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Haynes Boone Fund Finance Report Reveals Growth Outlook Despite Challenges

Published February 15, 2024

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Haynes and Boone, LLP released its first-ever Fund Finance Annual Report, which revealed an industry cautiously optimistic about growth despite facing headwinds, including rising interest rates and market disruptions.

The report includes 26 charts and insights on pricing, subscription line facilities, NAV financings, and the market outlook for 2024.

Authors:

Aleks Kopec

Partner | Haynes Boone

Aleks Kopec is a partner in the Finance Practice Group in Haynes Boone’s Charlotte office. Her practice focuses on representing lenders and borrowers in a variety of finance transactions, including leveraged finance, acquisition financings, cross-border facilities, capital call facilities, NAV facilities and other fund finance products. Aleks’ significant experience in both leveraged finance and funds finance allows her to have unique insight in multiple financial markets. Her extensive experience in the finance market, starting in New York and continuing in Charlotte, has shaped Aleks into a thoughtful practitioner who prides herself in the strength of her relationship with clients.

Partner Haynes Boone

Brent Shultz

Partner | Haynes Boone

Having negotiated and closed billions of dollars of complex debt financings, Brent Shultz helps companies in the banking, private equity, and energy industries serve their customers and employees, and thrive in any business environment.

Clients seek Brent’s representation in connection with fund finance, including capital commitment-secured facilities; energy finance, including reserve-based lending and credit facilities to midstream companies; cash-flow facilities, including investment-grade and other corporate finance transactions; and asset-based facilities, including asset-based lending, leveraged finance, acquisition finance, and project finance. Brent also handles restructuring, bankruptcy, and workout matters.

Brent’s problem-solving approach to financing transactions is informed by his prior work as a financial analyst and strategic planner at a major airline, where he advised senior management on major strategic initiatives. Clients trust Brent to listen closely to them, to understand their goals, and to execute their most important transactions in a smooth, practical, and business minded manner. In recognition of his professional excellence, Brent was named “One to Watch” in banking and finance by the 2020-2021 Best Lawyers, Woodward/White, Inc.,directory.

Brent serves on our pro bono committee, representing clients in veterans’ matters and acting as counsel for The H.E.A.R.T. Program, a Houston nonprofit that helps adults with intellectual/developmental differences to achieve their potential. He also takes an active role in his community, holding leadership roles with his local church and volunteering with charitable organizations. He is the proud father of two daughters.

Partner Haynes Boone

Albert Tan

Partner and Co-Head of Fund Finance | Haynes Boone

Albert Tan is a Partner and Co-Head of the Global Fund Finance Group with Haynes and Boone, LLP. Albert also currently on Haynes Boone’s Executive Committee, Board of Directors and Partners Compensation Committee.

Albert has represented investment and commercial banks, as agents and arrangers in more than 600 subscription secured credit facilities with total value of over $200 billion to Asia, US, Europe, Latin America and global real estate, infrastructure, debt, buyout and energy private equity funds, including structuring and documenting some of the first subscription financing to real estate private equity funds in Japan, Greater China, Singapore and Korea and to some of the largest global infrastructure funds and Asia-focused buyout funds; and during the global financial crises of 2007-2008, Albert was one of few fund finance attorneys who represented lenders in the successful enforcement of subscription financing defaults against PE funds and their investors.

The National Law Journal selected Albert to its inaugural list of Finance, Banking and Capital Markets Trailblazers in 2019, Euromoney Expert Guides, Euromoney Institutional Investor 2012, listed him as a “Leading Practitioner” in its Guide to Leading Practitioners: International Private Equity, U.S., and the Minority Corporate Counsel Association recognized Albert as a 2021 MCCA Rainmaker for his outstanding leadership, business acumen, passion and dedication to proactive client development.

Albert serves as a member of the US Advisory Committee and Asia Pacific Executive Committee of the Fund Finance Association.

Albert received his BA from San Diego State University and his JD and LLM from Southern Methodist University and Georgetown University; and speaks Chinese (Mandarin).

Partner and Co-Head of Fund Finance Haynes Boone