As rated note feeder ("RNF") structures have become a well-established feature of subscription credit facilities, it is worth revisiting the specific enforceability- and bankruptcy-related issues they ...

As the traditional subscription facility market has matured, new liquidity and funding innovations have arisen. Enter the rated note feeder. This structural tool in the back pocket of GPs may ease the ...

Structured products, also called structured notes, are customized versions of existing investments. A recent example is this offering from Morgan Stanley MS. Sold in June 2022, the company’s ...