Fund Finance

TPG veteran Ben Gray’s firm is understood to be using credit lines to avoid fee-drag on Australia’s largest first-time fund.

Credit shops have traditionally avoided the strategy, but innovative new opportunities are luring them to carve a niche for themselves

Comments from one of the US's largest pension plans are a reminder that the debate around credit lines is not settled.

The use of facilities is so ingrained in the private equity industry that nothing short of an extreme event can turn back the tide.

Banks are changing the way security notices are issued to LPs following the firm's collapse.

Provisions to allow this kind of borrowing are becoming better documented in LPAs, the co-head of Crestline's portfolio finance vehicle tells PEI.

SocGen’s dispute with some Abraaj LPs over an unpaid facility could have far-reaching consequences for the fund finance industry.

The lender’s head of global fund banking for EMEA tells PEI about the implications of the Abraaj Group saga, enhancements in underwriting, changing LP bases and fee structures.

Apax Global Alpha’s interim statement sheds light on subscription credit lines, fund deployment and an appetite for healthcare.

Finding the right financing partner can be challenging. MUFG’s head of fund financing, Ben Griffiths, explains the factors GPs should consider and how they can make themselves lender-friendly.