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Crestline: Fear of market pullback buoys portfolio finance

Provisions to allow this kind of borrowing are becoming better documented in LPAs, the co-head of Crestline's portfolio finance vehicle tells PEI.

Silicon Valley Bank on Abraaj, evolving credit lines & HNWs

The lender’s head of global fund banking for EMEA tells PEI about the implications of the Abraaj Group saga, enhancements in underwriting, changing LP bases and fee structures.

What we know about Apax from its listed trust

Apax Global Alpha’s interim statement sheds light on subscription credit lines, fund deployment and an appetite for healthcare.

HVPE cashes in as HarbourVest embraces credit lines

The use of debt to delay capital calls saw HVPE’s distributions outweigh investments last year.

Fund finance: The rise of the hybrids

Fund finance facilities have traditionally been linked to uncalled LP commitments, but the focus is increasingly now on underlying portfolio investments. Leon Stephenson of Reed Smith explains the trend

Mega-funds and their mega-financings

Co-ordinating large subscription lines for mega-funds presents a unique set of challenges, write Debevoise & Plimpton’s Thomas Smith and Felix Paterson.

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