If your firm doesn’t sponsor leverage for co-invest, how do you get access to additional funds to put in your fund?
I have heard friends taking out LOC with decent interest rates, but I was wondering if their was any banks that will work w PE professionals to provide the best rates and most amount of leverage.
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Hmmm
Bump
Check out SVB
Following as well.
First Republic is very interested as an institution in getting people in finance as clients. They bank a ton of funds: there's an institutional understanding of how bonus-driven the industry is and how carry works as a construct. That's valuable, because you're floor is now talking about what credit limit you can receive, not whether your type of income works as collateral for them.
Edit: The only knock on them is their underwriting conservatism. It's kind of known that they'll be 25% behind whatever LTV you'd get somewhere else.
How levered will First Republic let you get?
Do you have a general sense for their rates and structure (e.g. is it a simple term loan or something more exotic)?
Bump
bump
Bump. Any ideas post FRB collapse?
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