Our colleague Amrita Maini published a succinct primer on overcall limitations (available here). Judging by the number of lender inquiries, we thought some data on their prevalence might be of interest. Based on the 252 fund finance facilities Cadwalader closed in the United States in 2017 and 2018, here’s a survey of overcall provisions by the numbers.  This article was written by Michael Mascia, Partner, Fund Finance and Chris van Heerden, Associate, Fund Finance both from Cadwalader