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Subscription Credit Lines

Illustration of three plants being watered. The central plant is growing a gold coin
Five charts from Haynes Boone’s first-ever fund finance report.
Pile of paper US dollars, from Getty Images.
Marketplace company Bridge launched in the UK and Europe this past fall.
A person climbing steps, depicted with wooden blocks
The promoted attorneys are based in the law firm’s Charlotte and London offices.
Illustration of an arrow made up of blue dollar signs, with a hand removing a single red dollar sign
Firm publishes a draft methodology with weights on LP base and managers.
A puzzle made up of the grey silhouettes of businesspeople. A hand is placing the final puzzle piece, which has a blue silhouette
Fund finance specialist adds a partner and an investor relations director.
An arrow made up of blue dollar coins. The tip of the arrow has a red dollar coin, which is being placed by a businessperson.
Large regional bank will share further details of the deal on its third-quarter earnings call.
A myriad factors are resulting in shorter maturities for sub lines, though borrowers can pay up for longer ones.
A map of Europe with a curvature of Earth
Lenders favor big GPs in Q2, leading to pricier credit for mid-size sponsors.
lending
The former titan of fund finance’s portfolio includes loans that will need steep haircuts. And that’s not the only challenge.
With banks constrained by market uncertainty, sub lines are taking longer to negotiate.
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