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Kleinberg Kaplan Partner Jared R. Gianatasio Quoted in Debtwire

Kleinberg Kaplan Partner Jared R. Gianatasio discussed the Federal Reserve’s new Term Asset-Backed Securities Loan Facility (“TALF”) in an interview with Debtwire. Jared shares his thoughts on possible further updates to the program that investors should monitor as TALF moves towards implementation. Read the full article, “TALF funding expected to flow by mid/late May; further expansion…

Firm News | April 16, 2020 | Special Situations and Credit | Private Equity Funds

Fed Updates Terms of TALF 2.0

On April 9, 2020, the Federal Reserve Board (the “Fed”) updated its term sheet of the Term Asset-Backed Loan Facility (“TALF 2.0”) that it authorized on March 23, 2020. The key changes include: updates to the definition of eligible borrower, additions to the types of eligible collateral, changes to loan pricing, and the release of…

Client Alerts | April 10, 2020 | Special Situations and Credit | Private Equity Funds

Kleinberg Kaplan Attorney Named to Junior Advisory Board of Women in Funds

Private funds associate Rita Fitch to serve on inaugural junior advisory board comprised of rising stars; Women in Funds looks to promote female leadership in private investment funds space Premier boutique law firm Kleinberg Kaplan announced that private funds associate Rita Fitch has been named to the junior advisory board for WOMEN IN FUNDS, a…

Firm News | March 30, 2020 | Hedge Funds | Private Equity Funds

CFTC Extends Initial Margin Compliance Timeline for Many Buy-Side Firms

On March 18, 2020, the Commodity Futures Trading Commission (the “CFTC”) voted unanimously to extend the uncleared swap initial margin compliance timeline for financial entities with smaller swap portfolios from September 1, 2020 to September 1, 2021. Phase 6 Compliance Group The newly created “Phase 6” compliance group will provide many private funds and other…

Client Alerts | March 20, 2020 | Derivatives | Private Equity Funds | Hedge Funds

Buy-Side Checklist for Potential Impacts on Counterparty Trading Arrangements

With the increasing concerns surrounding the impact of COVID-19 around the world, global financial markets are facing a unique set of difficulties. Fund managers, family offices and other buy-side market participants should consider reviewing their counterparty trading and brokerage arrangements to understand the impact of these events on their trading portfolios and their counterparties. Below…

Client Alerts | March 18, 2020 | Derivatives | Private Equity Funds | Hedge Funds

Amendments to FINRA’s New Issues Rules Alerts

On January 1, 2020, amendments to the Financial Industry Regulatory Authority, Inc. (“FINRA“) Rule 5130 (Restrictions on the Purchase and Sale of Initial Equity Public Offerings) and Rule 5131 (New Issue Allocations and Distributions) came into effect [1]. Per the U.S. Securities and Exchange Commission (“SEC“), the rule changes “exempt additional persons and offerings, modify…

Client Alerts | February 11, 2020 | Hedge Funds | Private Equity Funds