Fund Finance

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.

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.

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.

Brady Hyde, private equity portfolio manager at the world's largest package delivery company, is banking on active portfolio management as the firm joins the ranks of LPs doing more direct investing.

The sun is shining on private equity, and private debt is largely to thank. With financing from funds and banks readily available, Alistair Hay of Cavendish asks whether PE has ever had it so good and how these funding solutions can co-exist.

Thomas Mayrhofer explains what he considers best practice for the use of credit lines.

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.

Private equity firms that do not sufficiently disclosure how they calculate IRR could face enforcement action, writes Vivek Pingili, vice-president of compliance at consulting firm Cordium.

Officials at the public retirement plan behemoth are set to provide feedback on Monday.

Guidance announced this week on how subscription lines should be used by fund managers comes at a time when the industry is getting to grips with best practice on this now controversial issue.