Subscription Finance: Rated Note Feeder Funds And Debt Capital Commitments – Securitization & Structured Finance
Insurance company investors are increasingly looking to invest in private equity and similar private investment funds via debt capital commitments (as opposed to traditional equity capital commitments) to take advantage of improved regulatory capital treatment, including under the risk-based capital system established by the US. National Association of Insurance Commissioners (the “NAIC”). Fund sponsors have…