New Issue
What is a New Issue? A new issue describes a security – generally equity or debt – that is registered in a publicly-traded market for the first time. A common new issue is known as an Initial Public Offering (IPO), which takes place when a business or company sells securities on a stock market for...
Fundless Sponsor
What is a Fundless Sponsor? A fundless sponsor is an investment fund that lacks committed equity capital required to complete acquisition transactions up front. Unlike private equity firms that already possess equity capital to finance transactions, fundless sponsors must raise equity and debt financing on a deal-by-deal basis, after signing a Letter of Intent (LOI)....
Investment Teaser
What is an Investment Teaser? An investment teaser is a critical first step for a business in the capital-raising process. The teaser is a brief and confidential document designed both to gauge interest in, and to generate interest from, potential investors or buyers of a company or its securities. It’s used to present an investment...
Data Room
What is a Data Room? A data room is a secure place that is used to store privileged data, usually for legal proceedings or mergers and acquisitions transactions. Data rooms are used for storing documents, file sharing, securing sensitive documents, and conducting financial transactions. There are two types of data rooms: physical data rooms and...
Letter of Commitment
What is a Letter of Commitment? A letter of commitment is a formal binding agreement between a lender and a borrower. It outlines the terms and conditions of the loan and the nature of the prospective loan. It serves as the agreement that initiates an official loan borrowing process. A commitment letter contains information about...
