Fund Finance

Umbrella fund finance facilities can be a convenient and cost efficient option for managers with a number of strategies under one roof. Leon Stephenson and Alex Griffiths of law firm Reed Smith explain why.

Umbrella fund finance can provide a simplified approach for managers with multiple strategies, writes sister publication Private Debt Investor's editor Andy Thomson.

Over the last six months, our fund finance focus section has covered credit facilities in private equity funds and beyond. We round up the key takeaways.

Umbrella fund finance facilities can be a convenient and cost efficient option for managers with a number of strategies under one roof. Leon Stephenson and Alex Griffiths of law firm Reed Smith explain why.

Almost all funds the corporate pension invests in have the ability to use a subscription line of credit, according to UPS portfolio manager Brady Hyde.

A commentary on the American Investment Council’s website criticised ILPA’s guidance on private equity’s use of subscription credit lines.

Investment prowess is naturally a key attribute of a private equity firm; for some LPs, however, capital efficiency is just as important.

Bridging facilities are being used not just for more efficient deal execution, but also to get proceeds into the hands of LPs more quickly.

Fund managers must be explicit in their IRR calculation disclosure to investors, or face the wrath of the regulator, writes Vivek Pingili, vice-president of compliance at Cordium