In this Fall 2017 edition of our Fund Finance Market Review, we discuss some of the more noteworthy developments in the subscription credit facility and fund finance industries, including our views on the continued globalization of fund finance products, this time with a focus on Asia. We also explore the use of fund-level debt as a viable and efficient alternative to asset-level debt. Finally, we analyze the impact of margin regulations on funds’ foreign currency hedging transactions and review the Institution of Limited Partners Association’s recently published guidelines on subscription credit facilities.

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