Fund Finance
The fund finance market is complex and constantlyevolving. Financing needs and deal structures arebespoke to each transaction and require a deep
understanding of the relevant legal and commercial
issues for both borrowers and lenders.
We are one of only a few market leading fund financepractices. We have been at the forefront of the market
since its inception, working with our clients to shape a
range of fund related finance and leverage products.
Our fund finance lawyers have extensive, marketleading expertise in financing for funds across key
jurisdictions including the UK, Luxembourg, the US andin the Asia Pacific region. We also regularly work withfirms in offshore jurisdictions such as Jersey, Guernsey
and the Cayman Islands. Our experience covers all
facility and fund types, including subscription, NAV,
pre-fund close bridges, end of life financing, coinvestment, and management company financings for
direct lending, special situations, private equity,
secondaries, infrastructure funds and more.
We work closely alongside our private equity, tax andcorporate teams across our global network to provide
practical and business focused solutions.

Contacts
Bryony Widdup,London

Deborah K. Staudinger,
New York

Derrick Lau,
Hong Kong

Ariane Mehrshahi Marks,
Luxembourg

Practices
Leveraged andAcquisition Finance
Private Equity
Investment Funds
Banking and Loan
FinanceRepresentative experience
Hayfin Capital Management, an international
investment fund manager, on its ongoing fund financematters for multiple structures, including capital call,hybrid and other financings for co-mingled and SMA
structures.
Pantheon on numerous debt facilities to Pantheon
managed vehicles in connection with the acquisition of
portfolios of fund interests and infrastructure assets.
A market leading secondaries fund on a US$600m NAV
facility provided by Goldman Sachs the proceeds ofwhich were to be used to provide leverage for ongoinginvestment purposes.
A major bank on its participation in a €1.75bn
subscription line facility provided to three Cinven funds(the Fifth Cinven Fund, the Sixth Cinven Fund, and theSeventh Cinven Fund).
The lenders on the £200m NAV facility for HgCapital
Trust (with automatic conversion mechanics to SOFR
and SONIA Risk Free Rates).

HICL Infrastructure, in relation to facilities including
innovative letter of credit and ESG-linked arrangements
to support HICL’s existing and future infrastructure
projects and investments.
Equitix on the investor-backed facilities, NAV facilities
and hybrid facilities for eight of the funds managed byEquitix.
A large UK investment house on the setup of two
Luxembourg “unregulated” alternative investment
funds, including the fund financing aspects.
The lenders in relation to the provision of numerous
different financing products to the various Bridgepoint
Europe Funds II, III , IV and V.
A newly established open-ended real estate fundmanaged by a major investment bank on its US$75m
hybrid revolving credit facility from ING Singapore to
be used to fund investments and working capital needs.
A leading alternative asset management firm in respectof a net asset value (NAV) facility of up to €100,000,000
with a syndicate of lenders.
A large French private equity firm in respect of a NAV
term loan facility agreement with a major US bank asLender.

Latest thinking and events
WebinarFund Finance webinar series: Financing the Fund
Lifecycle | The end
WebinarFund Finance webinar series: Financing the Fund
Lifecycle
WebinarFund Finance webinar series: Financing the Fund
Lifecycle | The middle
NewsLexology Panoramic: UK Fund Finance 2024
NewsLuxembourg, an attractive framework for fundfinancing
NewsSecondaries fund financing: deep diving into security
and consents