Fund-level subscription-secured revolving lines of credit are a well-established instrument in the toolkits of a variety of private equity fund sponsors and managers.
The United States Treasury Department and Internal Revenue Service issued final regulations that clarify how a U.S. REIT determines whether it is "domestically controlled" for purposes of applying the exemption .
On April 24, 2024, the Treasury Department promulgated final regulations regarding the requirements for a qualified investment entity (QIE) to be considered
The U.S. Department of Labor ("DOL") has amended the qualified professional asset manager ("QPAM") class prohibited transaction exemption 84-14 ("QPAM Exemption"), effective as of June 17, 2024 ("QPAM Amendment").
As direct lending becomes a more popular financing option for middle-market and large U.S. companies, banks are increasingly seeking new ways to leverage their existing customer networks to participate in the direct lending market.