Fund Finance

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.

The use of debt to delay capital calls saw HVPE’s distributions outweigh investments last year.

Fund finance facilities have traditionally been linked to uncalled LP commitments, but the focus is increasingly now on underlying portfolio investments. Leon Stephenson of Reed Smith explains the trend