Fund Finance Archives | Private Equity Bro

Top Subscription Line Lenders to PE Funds in 2027

17 September 2026

Citizens disclosed $8.6bn of subscription lines within $17.2bn of loans to finance and insurance companies, placing capital call facilities just…

How to Model a Preferred Equity NAV Facility

12 September 2026

Start with the cash-flow priority, not the label A Preferred Equity NAV Facility Model should start with the cash-flow priority…

Fund Finance Underwriting for Lenders

10 September 2026

A subscription line and a NAV facility can carry the same borrower name and almost nothing else in common. The…

How Subscription Lines Inflate Reported IRRs

31 August 2026

A fund buys a business for $100m and sells it three years later for $200m. If the general partner called…

Capital Calls Explained: How Private Funds Draw Investor Commitments

22 July 2026

A capital call is a general partner’s contractual demand that limited partners fund part of their unfunded commitments into a…

Leverageable Assets in Private Equity: Their Strategic Role Explained

16 March 2026

Leverageable assets are cash-flowing or monetizable assets that can support third-party debt at the portfolio company, holdco, or fund-adjacent level.…

Warehousing Facilities in Private Equity: How They Work and Why They Matter

24 January 2026

A warehousing facility in private equity is a short- to medium-term financing arrangement that holds portfolio assets before they transfer…

Back-Leverage Financing in Private Equity: Structures, Risks, and When It Works

3 January 2026

Back-leverage financing in private equity means debt raised at the fund or holding-company level, secured by LP commitments or portfolio…

Unitrust Distributions in Private Equity: How the Approach Works in Practice

14 December 2025

A unitrust distribution in private equity commits a fund to pay limited partners a fixed percentage of net asset value…

Subscription Lines in Real Estate Funds: How Capital Call Facilities Work

13 December 2025

A subscription line is a revolving credit facility secured by a real estate fund’s rights to call capital from investors.…

Subscription Credit Lines in Private Equity: Uses, Risks, and Return Implications

2 November 2025

A subscription credit facility is a short-term loan to an investment fund that is secured by the fund’s right to…

What Is SBIC Capital and How Does the Program Work?

28 October 2025

SBIC capital is long-term, SBA-guaranteed debt that licensed Small Business Investment Companies use to amplify private limited partner commitments for…

Subscription Credit Facilities: Structure, Pricing, Risks

27 October 2025

What Is a Subscription Credit Facility in Private Equity? A subscription credit facility is a secured revolving credit line to…

NAV Loans vs. Preferred Equity: Which Financing Works Best for Private Capital Funds?

26 October 2025

What Are NAV Loans and Preferred Equity in Private Equity? NAV loans and fund-level preferred equity are two structured financing…

In-Kind Distributions Checklist for Private Equity Investors

14 September 2025

Unpacking In‑Kind Distributions in Private Equity In-kind distributions shift public execution, tax timing, and operational work from the fund to…

Private Credit Market Trends And Growth Outlook

31 July 2025

What Is Private Credit? Private credit refers to non-bank lending provided by investors directly to borrowers. Unlike syndicated loans, which…

Business Development Companies: Structure, Risks, & Returns

29 July 2025

What Are Business Development Companies? Business Development Companies (BDCs) emerged from the Small Business Investment Incentive Act of 1980 with…

NAV Financing Explained – A Deep Dive in Fund Finance

4 November 2024

Fund finance is a multifaceted sector, with various financing strategies that funds utilize to optimize their liquidity and achieve better…

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