Fund Finance
The fund finance space has been evolving over the past few years, and with a growing lender universe, the market has expanded beyond subscription facilities to become a more complex landscape – one shaped by continuation vehicles, evergreen funds and securitization trends. While challenges persist, each of these forces reflects market maturation as fund finance continues to adapt to a more private markets ecosystem.
Fees & Expenses Survey 2026
At a time of industry evolution, fees and expenses are not immune from upheaval. This edition of the biennial survey received responses from 132 fund managers, with the findings underlining how the industry has evolved from opaque disclosure and allocation practices toward a climate of transparency and scrutiny. We examine how broken-deal fees are impacting alignment among key stakeholders; how co-investments are reshaping expectations; and how LPs face an expanding set of costs.
Accountancy and Tax
While the Trump administration may be focusing on deregulation, private fund CFOs cannot afford to rest on their laurels. Evolving audit expectations, alongside increasing scrutiny of valuation processes and investor protections, particularly in light of efforts to open up private markets to retail investors, mean finance professionals are navigating a changing – rather than reducing – set of pressures.
