GP Co-Investment Line
GP co-investment facility secured primarily against a combination of fund interests and backed by a performance guarantee from the management company for a new GP that recently launched its first fund.
DATE ANNOUNCED:
Undisclosed
CLIENT:
US-based PE
STATUS:
Pending
VALUE:
$600 Millions
European Private Credit Fund of Funds
An asset backed, term financing facility for up to $300m with 7-year maturity, provided by an insurance company to allow delivery of leveraged returns to the investors of a fund of private credit funds.
DATE ANNOUNCED:
Undisclosed
CLIENT:
European Private Credit fund
STATUS:
Pending
VALUE:
$300 Millions
US PE Secondaries Fund
Restructure of NAV based revolving credit line to improve operational efficiency. Facility was refinanced with a new lender which delivered an increase in size to $175m, substantial price reduction and a revamped covenant structure.
DATE ANNOUNCED:
Undisclosed
CLIENT:
US-based PE
STATUS:
Pending
VALUE:
$175 Millions
US PE Secondaries Fund
Multi-year, multi-currency capital call umbrella facility for multiple offshore and onshore funds. Funds have specific requirements regarding high utilization, frequency of periodic clean-downs and a non-traditional investor base.
DATE ANNOUNCED:
Undisclosed
CLIENT:
US-based PE
STATUS:
Pending
VALUE:
Undisclosed
European PE Fund
Term facility for a European special situations fund. The non-bank lender was able to provide a EUR300m facility to a multi-jurisdictional portfolio, consisting of a variety of private equity holdings and traded credit instruments.
DATE ANNOUNCED:
Undisclosed
CLIENT:
European Private Equity
STATUS:
Pending
VALUE:
€300 Millions
Emerging Markets PE Fund
Multi-year capital call facility for an EM based, strategy and industry specialist, PE fund that has a multi-jurisdictional set up and specific operational requirements necessitating high element of bespoke structuring.
DATE ANNOUNCED:
Undisclosed
CLIENT:
EM-based PE
STATUS:
Pending
VALUE:
Undisclosed
North American Growth Equity Fund
Multiple, multi-year capital call facilities in the amount of $800m in favor of a number of existing and new funds for this rapidly growing growth equity fund manager.
DATE ANNOUNCED:
Undisclosed
CLIENT:
North American Growth Equity
STATUS:
Pending
VALUE:
$800 Millions
European Family Office
5-year term facility in favor of a European family office secured by a diverse collateral pool including interests in a variety of PE and Private Debt funds, all of which were in the early to mid stages of their investment lives.
DATE ANNOUNCED:
Undisclosed
CLIENT:
European family office
STATUS:
Pending
VALUE:
Undisclosed
North American PE Manager
Multi-year term facility provided by a non-bank lender secured against unrealized carried interest across multiple funds run by a PE Manager.
DATE ANNOUNCED:
Undisclosed
CLIENT:
North America-based PE
STATUS:
Pending
VALUE:
Undisclosed
US Direct Lending Fund
Multi-year asset backed facility for a US direct lending fund that wanted to leverage its exposure to a pool of assets consisting of first-lien senior secured loans to a variety of middle-market borrowers in the US.
DATE ANNOUNCED:
Undisclosed
CLIENT:
US Direct Lending fund
STATUS:
Pending
VALUE:
Undisclosed
US Registered ('40 Act') PE Secondaries Fund
Multi-year revolving line of credit for an open-ended, registered investment company, that runs a US focused PE secondaries strategy.
DATE ANNOUNCED:
Undisclosed
CLIENT:
US Maritime Financing fund
STATUS:
Pending
VALUE:
Undisclosed
US Private Credit Fund
Asset backed term umbrella facility in favor of multiple funds, secured against a portfolio of first and second-lien loans to middle and lower middle-market companies in the US.
DATE ANNOUNCED:
Undisclosed
CLIENT:
US-based registered (‘40 Act’)
PE Secondaries fund
STATUS:
Pending
VALUE:
Undisclosed
SPV Financing
Multi-year, term financing facility in favor of a wholly owned subsidiary of a growth equity fund for the purposes of financing purchase of a single asset.
DATE ANNOUNCED:
Undisclosed
CLIENT:
US-based Private Credit fund
STATUS:
Pending
VALUE:
Undisclosed
US PE Buyout Fund
$100m, multi-year capital call facility provided to a new buyout fund that was backed mainly by family offices and high net worth individual investors.
As one of the longest standing specialist fund finance advisor, we have advised on a wide range of fund finance transactions. We take care in tailoring our service offerings to the specifics of each mandate and to meet the unique requirements of each client. A sample of mandates we have recently worked on is shown below.