Subscription Finance: A Primer
01Table of Contents
- What is subscription finance in private capital funds?
- Why do funds use subscription facilities?
- How has the market evolved?
- How do subscription facilities affect fund cash flows?
- How do subscription facilities affect fund performance metrics?
- Who are the parties involved in subscription facilities?
- What are the key features governing subscription facilities?
- How are subscription facility borrowing bases defined?
- What happens if an LP defaults on commitment?
- What is the incidence of LP defaults on capital calls?
02Overview
The subscription finance market has grown substantially in recent years, driven by the growth of private capital funds and funds’ wider adoption of subscription facilities. ֳ’s primer report addresses common queries from market participants regarding the facilities, market developments and historical performance.
03Sector Analysts
Greg Fayvilevich
Financial Institutions
Global Head of Fund & Asset Management, Managing Director
+44 20 3530 1278 |
