Andrew E. Feldman is Chief Legal Officer of BroadRiver Asset Management, L.P. and advises the firm on legal and compliance matters and on business initiatives. Formed in 2009, BroadRiver specializes in the management of fixed income alternative investments, including private credit and other assets, that provide compelling risk adjusted returns for sophisticated institutional investors.
ELSA formed an ad hoc working group this summer to develop a model agreement for tertiary transactions in the life settlement market. The increasing number of tertiary transactions and market participants, combined with a lack of standardization in transaction documentation, was the impetus. This panel will discuss the work done to date by the group and its next steps.
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