Fund Finance

Europe's fundraising scene is bracing for a busy 2026; CalPERS approves a radical portfolio overhaul; why Asia-Pacific is divided over exit expectations.

A rumoured use for NAV loans is proving difficult to pin down. Plus: Dispatches from Asia's emerging fund finance market; and LP-leds have HNWIs spooked. Here's today's brief, for our valued subscribers only.

A family office is sounding the alarm over the seemingly rampant use of leverage to finance GP commitments. Plus: an SEC committee gives us a potential glimpse of the retail fund of the future. Here's today's brief, for our valued subscribers only.

LP capital looks set to play a significant role in the rampant expansion of the fund finance universe. Plus: a $70bn pension is cutting its private equity allocation; and why LPs should investigate GPs' understanding of AI sustainability risks. Here's today's brief, for our valued subscribers only.

Real dialogue between LPs and GPs, visibility on team and track record and access to information on the use of financing tools are vital, according to panellists at the European Fund Finance Symposium.

Gregory Hardiman, who previously co-led 17Capital's US investment efforts, has been named managing director and head of GP-LP solutions at Crescent Capital.

New data suggests NAV loans are rarely used to massage DPI. Plus: a $23 billion pension has tweaked its PE allocation to get ahead of potential liquidity challenges; and a Japanese buyout firm completes an MBO. Here's today's brief, for our valued subscribers only.

In the rapidly evolving GP-led market, new approaches to deal terms and structures are proving a hot topic, according to Akin partners Fadi Samman, Daniel Quinn and Simon Ellis.

Projections from fund finance platform Alpha Group show that portfolio NAVs would need losses far worse than during the 2008 global financial crisis for the loans to breach key covenant levels.

The departure comes six months after the firm said it was opening in the UAE to deepen its push into the Gulf region.