Alpha Match Brings Best-Execution and Efficiency to the Fund Finance Market Against a Backdrop of Increased Regulation and LP Scrutiny
21 Mayo 2024 - 4:26AM
Business Wire
Alpha Match enables private capital funds to instantly screen
their fund finance requirements against an impartial database of
more than 290 lender profiles to secure the most appropriate lender
and terms.
Alpha Group International plc (LON:ALPH) today announced the
launch of Alpha Match. Alpha Match is Alpha’s digital debt
intermediary service. It is disrupting the fund finance industry
with its impartial database of more than 290 lenders – making the
process of finding and securing the right lender and terms more
transparent and efficient.
Increased regulatory pressure coupled with consolidation in the
fund finance space has resulted in a much talked about liquidity
gap, with small and mid-cap private capital funds struggling to
secure fund level facilities. However, Alpha Match has identified
and captured more than 290 lender profiles active in the space.
While it is certainly true that the lender landscape has changed
and appetites have shifted, Alpha Match has found there are plenty
of bank and non-bank lenders active across the entire spectrum of
the private capital fund market.
With many GPs no longer being served by long-standing
relationship banks or looking for additional lenders for syndicates
or to mitigate counterparty risk, it has been challenging for them
to source new lenders in the current market.
Enter Alpha Match. The first-of-its-kind digital platform
matches borrower’s requirements with current lender data in real
time.
“Debt intermediation isn’t new; however, it can be costly and
limiting. Alpha Match is a technological solution that instantly
validates criteria across a vast range of data points, which our
clients choose to use in different ways. For some, they simply want
to independently verify existing lender terms; others use it to
outsource the process of debt origination at speed; while other
clients additionally make use of our fund finance experts to
support them on every step of the process, from the initial
screening report, to securing heads of terms, right through to
final execution. Alpha’s mission is to empower alternatives. With
Alpha Match we are making debt intermediation efficient, cost
effective, and inclusive to all,” said Sam Marsh, Chief Executive
Officer – Institutional
"The Alpha team were fast and effective in helping us secure a
new lender after our core relationship bank was unable to provide
us with a subscription line. The initial distillation of the
market, focusing on providers that fit the Phoenix criteria, saved
considerable time and the platform's modular approach meant the
process was flexible, efficient and cost effective," said Steve
Darrington, Chief Financial Officer, Phoenix Equity Partners.
Transparency and best practice
Against a backdrop of increased LP scrutiny of NAV facilities,
Alpha Match comes at a critical time for private capital fund
managers, their investors and lenders.
Towards the end of last year, the Institute of Limited
Partnership Association (ILPA) warned members about managers using
NAV facilities without informing their investors. This perceived
lack of transparency, along with several other rising concerns,
prompted the LP trade body to put together specific NAV guidance,
which is expected to be published in May.
However, as the fund finance market (despite its size), and
particularly the NAV facility space are still nascent and emerging
markets – there is little infrastructure, particularly when it
comes to intermediation and risk mitigation practices.
Alpha Match is the only independent digital intermediary. It
provides the greatest levels of transparency available in the
market today.
With the ability to match lending requirements against the
largest database of active lenders in the space – not only can GPs
ensure they are working with the most appropriate lender for their
needs, but they can quickly and easily share screening reports with
LPs in order to provide clear communication and highlight the steps
they have taken to secure financing in the most transparent and
cost-effective manner.
As part of the platform launch, borrowers will be able to screen
their initial requirements via the company’s website to see how
many lenders currently match their key requirements.
For more information on Alpha Match or to arrange a
demonstration, visit www.alphagroup.com/match or contact:
match@alphagroup.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240520018618/en/
match@alphagroup.com
Alpha (LSE:ALPH)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Alpha (LSE:ALPH)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024