- Are Subscription Lines of Credit Still Worth the Cost?🔍
- Subscription lines and private equity| Institutional🔍
- Top Lender Considerations for Subscription Facilities🔍
- Rated subscription lines🔍
- Navigating the new subscription finance market🔍
- Subscription|Secured Credit Facilities🔍
- A Question of Balance🔍
- LPs tapping the brakes on fund finance🔍
Are Subscription Lines of Credit Still Worth the Cost?
Are Subscription Lines of Credit Still Worth the Cost? - MSCI
Subscription lines of credit have become widespread across buyout, private-debt and real-estate funds, but elevated interest rates are ...
Subscription lines and private equity- Institutional - BlackRock
A subscription line, also called a credit facility, is a loan taken out mostly by closed-end private market funds, in particular by private equity funds. The ...
Top Lender Considerations for Subscription Facilities | May 17, 2024
On the one hand, we have the ever-growing demand for subscription lines of credit from private equity funds. Fundraising slowed last year ...
Rated subscription lines: An emerging solution to the liquidity crunch?
Due to their typical nature as revolving credit facilities, subscription lines have traditionally been the preserve of the banks, including ...
Navigating the new subscription finance market - Private Funds CFO
According to Barnett, there has been a reduction of subscription facility usage of anywhere between 10 and 30 percent, as costs creep closer and ...
Subscription-Secured Credit Facilities: Recent Developments in the ...
Subscription-line proceeds also can be used as bridge financing, which has a variety of benefits for sponsors. First, it allows them to place ...
A Question of Balance(s) in Subscription Lines of Credit - MSCI
... still, but debt funds are, fittingly enough, the clear leaders when it comes to reliance on sub lines, with the average debt fund reporting ...
LPs tapping the brakes on fund finance - Private Equity International
Meanwhile, the market for subscription line finance – used as a bridging facility to streamline capital calls to investors – was estimated by ...
Private equity: developments in subscription line lending
Subscription lines, which are also referred to as capital call facilities, are revolving credit facilities that are secured not by a traditional collateral ...
Private Equity: A Deep Dive into Subscription Lines
This example does not account for the interest paid on the line of credit, which would bring the terminal performance even closer together. In ...
GPs grapple with costly convenience of capital call credit lines
Subscription lines of credit have long been a portfolio management tool used by private capital funds to lower the frequency of capital calls.
Lines of Credit: When to Use Them and When to Avoid Them
Access to instant, ongoing funds · Potentially great way to finance projects that have unclear costs · Similar flexibility to credit cards but with lower interest ...
Considering a Subscription Credit Facility? Here's What You Need ...
While many of these facilities are relatively small in absolute dollar terms, they provide flexibility and liquidity that many general partners value. However, ...
Credit FAQ: A Closer Look At Our Methodology For Rating ...
... subscription line facility? We can rate a subscription line of credit at the fund's inception, even when some of the LPs have not yet been ...
There's a Gaping Hole in the Subscription Lending Market
Due to changes in capital requirements put in place by the Federal Reserve in 2022, the cost of offering subscription lines of credit had become ...
Subscription Credit Facilities: What They Are - Callan
Subscription lines have been popular with real estate funds for many years, but they are becoming increasingly common in private equity and ...
Small business investment gets a boost from capital call lines of credit
One panelist explained they use subscription lines mainly to manage cash flow when making an investment and as needed to cover quarterly and ...
Subscription line & management fee line facility diligence
A lender's due diligence should have two broad focuses: credit and legal. Lenders assess the credit quality of the mix of investors presented by the fund.
Borrowers turn to new approaches as sub lines are snipped
The fund finance market was thrust into yet another phase of rapid evolution as borrowers and lenders responded to a supply-constrained ...
frequent capital calls, meaning cost savings for both Funds and investors. Finally, Subscription Facilities offer a means for. Funds to bridge permanent ...