Different Roles for Independent Directors and Other Restructuring Considerations for Asset-Based Fund Financings Utilizing Bankruptcy Remote Structures
The use of independent directors and other securitization-like features to mitigate risk and attract investors at a better cost of funds is becoming common in net asset value financings and other asset-based fund financings. This article examines the key features and tools adopted from securitization and other more mature structured financing products for asset-based fund financings and the high-level considerations for distressed investments using such structures and assets in terms of time, effort, and costs involved, including the role of the different types of independent directors and unique considerations in these financings.
View the article here.
