Fund-level finance has become core infrastructure for private capital. Whether you need a subscription line to smooth capital calls, a NAV facility to release liquidity, or a GP facility to fund commitments, we arrange it with the specialist lenders active in this market.
Subscription vs. NAV
A subscription line borrows against LPs' undrawn commitments — useful early in a fund's life for smoothing capital calls. A NAV facility borrows against the value of the fund's investments — useful later, for follow-ons or liquidity. Many funds now use both.
A specialist, competitive market
Fund finance is provided by a relatively small set of specialist banks and credit funds, and pricing moves with market conditions. We maintain the relationships and run a competitive process so you see the real market, not one quote.
Arrange a fund facility
Our team works directly with GPs and fund CFOs.