Skip to main content


Management Fee Credit Facilities

Winter 2014
Mayer Brown Article
As the subscription credit facility market matures, lenders seeking a competitive advantage are expanding their product offerings to private equity funds (a “Fund”) from traditional capital call facilities made to closed-end Funds to other financing products, including lines of credit to open-ended Funds, separate-account vehicles and net asset value facilities. Another emerging product gaining traction in the market with some Fund sponsors (a “Sponsor”) is a so-called management fee credit facility (a “Facility”). A Facility is a loan made by a bank or other financial institution to the general partner of the Fund or a Sponsor-affiliated management company or investment advisor of a Fund, and has a collateral package that is distinct from other types of security arrangements commonly associated with Fund Financings.


  • Zachary K. Barnett
    T +1 312 701 8841
  • Kristin M. Rylko
    T +1 312 701 7613
The Build a Report feature requires the use of cookies to function properly. Cookies are small text files that are placed on your computer by websites that you visit. They are widely used in order to make websites work, or work more efficiently. If you do not accept cookies, this function will not work. For more information please see our Privacy Policy

You have no pages selected. Please select pages to email then resubmit.