FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / News / Read News

Print

East West Bank Agents $190MM Umbrella Capital Call Facility for Global Asset Manager

June 24, 2021, 07:29 AM
Filed Under: Investor Services
Related: East West Bank

On June 11, 2021, East West Bank, the Sole Arranger, Sole Bookrunner, and Administrative Agent, together with three other lenders, closed on a new umbrella capital call facility for several separately managed accounts managed by a leading global asset manager, on behalf of a large pension fund. Cooley, LLP represented East West Bank on the transaction.  

The $190MM 3-year umbrella facility will be used to make investments and pay fund expenses prior to the receipt of capital call proceeds from the separately managed accounts.
 
The asset manager is one of the world's leading investment managers with more than $1 trillion in assets under supervision.  The pension fund had over $16 billion in assets as of December 31, 2020.
 
“East West Bank is excited to have the opportunity to lead this facility for our client.  As the largest independent bank based in Southern California, we are honored to support the firm’s SMA business.”, said Arkie Semidey, Managing Director of East West Bank.





Week's News



Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.