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The dividing lines of fund finance

When it comes to the use of subscription credit lines, private equity firms will not be able to please all the LPs all of the time.

Why funds are reaching for a finance umbrella

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.

Fund finance: when one facility fits all

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

Subscription credit lines: what we’ve learnt

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.

Why funds are reaching for a finance umbrella

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.

UPS: Abuse credit lines and we won't invest

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.

Lawyers dub ILPA credit line comments ‘extreme’

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

Fund finance: toeing the line

Guidance unveiled by the investors’ trade body on subscription lines comes as the industry is getting to grips with best practice on this now-controversial issue, Thomas Duffell writes.

Wanted by LPs: efficient fund management

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

How to double up on fund finance

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