Fund finance report

Private Equity International‘s annual report explores the opportunities, obstacles and nuances of the many forms of fund finance, from NAV loans to subscription lines

The fund finance market finds itself in the spotlight – for reasons good and bad. In the US, the SEC is placing increased attention on NAV loans and sub lines given concerns over conflicts of interest; while in the UK, the Prudential Regulatory Authority has expressed concerns about banks’ exposure to private equity-related financing. The market is also on the cusp of major innovation, with new capital relief structures being formed, and high-net-worth investors turning their attention to the sector.

In this special report, we examine the state of the market and ask what changes are coming down the line as the universe of fund finance borrowers steadily expands.