Webinar | ABCs of Fund Finance: Subscription Lines and Asset-based Facilities

This webinar was presented by Citco Capital Solutions and Dechert LLP

When: 17 October 2017, 12:00pm - 1:00pm EDT | 9:00am - 10:00am PDT

Subscription lines for private equity and other draw-down/capital call funds continue to grow in use as the number and size of these funds have increased dramatically. In certain circumstances, subscription lines have been used for longer term borrowings.

At the same time, many funds will often employ portfolio-level leverage through asset-based credit facilities, in some cases secured by limited partner interests and other illiquid assets.

In this webinar, speakers Michael Peterson, Managing Director and Shiraz Allidina, Director of Citco Capital Solutions and Matthew K. Kerfoot, Partner of Dechert LLP will discuss:

  • How to properly structure a subscription line
  • Increase scrutiny from limited partners on subscription lines
  • Transitioning from subscription lines to an asset-based line
  • Key terms and structures in asset-based credit lines
  • Unique structuring and collateral issues presented by illiquid collateral

Our contacts

Michael Peterson

Michael Peterson

Head of Capital Markets, Citco Capital Solutions Inc.

T+1 212 401 9600
LNew York

Shiraz Allidina

Shiraz Allidina

Director, Citco Capital Solutions Inc.

T+1 415 228 0400
LSan Francisco