Fund Finance Market Review

In this issue, we discuss noteworthy developments in the subscription credit facility and fund finance markets and provide our views on the continued proliferation of private credit funds. We also explore the various forms of credit support available in the fund finance space and analyze unencumbered asset pool facilities, as well as fund financing for series LLCs. Finally, we discuss customary default remedies available in fund finance and proffer a potential guide to the accompanying foreclosure process.