Fund Finance

Fund Finance

Our Fund Finance practice advises sponsors across the full range of manager profiles and strategies on financing solutions available throughout the fund lifecycle, from first-time managers arranging their first subscription line to established platforms building out complex GP-level and structured financing programs.

We work in lockstep with our investment funds, structured finance, derivatives and tax practices, giving clients a team that understands both a fund's structure and its financing needs from day one. The result is a single integrated platform, not a collection of specialists working in isolation.

Our relationships with sponsors, agent banks and institutional lenders across the U.S. and European markets give us real-time insight into evolving pricing, terms and structures, which we pair with strong structuring capability to execute complex facilities efficiently and with certainty.

We advise on both day-to-day financings and firm-defining transactions across the full range of fund finance products, including:

Subscription & Hybrid Solutions

Revolving credit facilities, tranche B term loans, SMA facilities, continuation vehicle facilities and evergreen financings, plus hybrid structures such as crossover facilities, enhanced and stretch facilities, and subscription-based acquisition financing.

Primary & Secondaries NAV

Core primary and secondaries NAV facilities, acquisition financing and back-leverage products, including bridge NAV facilities, secondaries portfolio acquisition financings, and NAV-based and public equity margin loans, along with preferred equity and other hybrid liquidity solutions.

GP & Private Wealth Solutions

Management company facilities, GP commitment facilities, seed capital and platform financings, and asset manager private placement notes, as well as employee co-invest programs, carry advance facilities and partner equity subscription facilities.

Structured & Alternatives

Collateralized fund obligations, rated note feeders and levered LP fundraising structures, along with balance sheet and origination transactions including bank partnerships and significant risk transfers (SRTs).

Funds Regulatory & Market Practice

Ongoing guidance on evolving market terms and regulatory developments on both sides of the Atlantic, informed by a deep base of precedent, with structuring advice that manages risk while preserving flexibility.

Finalist for Fund Finance Law Firm of the Year (2026)

- The Drawdown Awards