Please join us at our 2nd Annual Subscription Credit Facility Symposium on January 19, 2012 in New York. There will be an industry panel on current issues in the market as well as breakout sessions on regulatory developments, understanding fund structures, offshore jurisdiction updates, investor issues and more. Mayer Brown and Appleby attorneys will be joined by speakers from Walton Street Capital, L.L.C., WestLB, SMBC, Wells Fargo and others.

Below is the detailed program agenda. For those who missed last year’s program on the Basics of Subscription Credit Facilities, we are pleased to re-offer the program prior to the larger symposium.


Preliminary Session—The Basics of Subscription Credit Facilities

  • Designed for those new to the asset class or seeking a refresher
  • A condensed version of our popular “Nuts & Bolts of Subscription Credit Facilities” Presentation

Main Session—Welcome and Introduction

Breakout Panels
Panel A: Fund Structuring and Regulatory Updates

  • Understanding Fund Structures (AIVs, UBTI Feeders, Side Cars, etc.)
  • ERISA Issues and Concern
  • Regulatory Capital
  • Placement Agency Regulations
  • Volcker Rule

Panel B: The Cayman Islands Perspective

  • The Exempted Limited Partnership
  • Taking and Enforcement of Security in Capital Commitments
  • Pitfalls for Lenders
  • Prospective Legal Changes

Panel C: Current Issues in the Subscription Facility Market

  • Understanding Overcall Limitations in a Partnership Agreement
  • Enforceability of Capital Commitments
  • Side Letter and Emerging Investor Issues
  • Sovereign Immunity
  • Aftercare Facilities and Facilities for Open-End Funds

Industry Panel

  • 2011 Market Review and Performance Update
  • Fundraising and Investment Environment
  • Key Credit Facility Features from the Fund Perspective
  • Challenges and Opportunities for 2012
  • Comparison of the US Market with Europe and Asia

Cocktail Reception Sponsored by Wells Fargo Securities


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