Fund Finance

Capital call bridge facilities are a growing trend in private equity, but can they work for your firm? Joe Greenwell and JP Harrop share their insight in this extract from The Definitive Guide to Carried Interest.

Citco's Michael Peterson explains how hybrid fund finance facilities add to the private equity fund management toolkit.

ILPA guidelines have helped push greater disclosure around subscription credit lines, but have not changed their usage, according to Ropes & Gray partner, Patricia Lynch.

Goodhart Partners’ Michael Daley discusses opportunities for mid-market focused GP stakes players and LPs’ appetite for the strategy.

Credit lines are contentious but their ability to improve IRR appears limited to the most strongly performing funds and funds early in their life, writes Christoph Jäckel of Montana Capital Partners.

ATP PEP will ask GPs to provide an IRR that has been adjusted to compensate for the use of subscription credit lines, says managing partner Torben Vangstrup.

On its Q2 earnings call, KKR CFO Bill Janetschek detailed the way the firm handles credit facilities

GPs are being pulled in different directions over the use of subscription credit facilities; we gathered four experts to plot the way forward.

Even with more transparency and understanding, the proper use of subscription credit facilities is still a point of contention.

Neuberger Berman's GP stakes unit has moved into private credit. We look at its new fund's loan terms, expected performance and opportunity set.