Overview
McDermott Will & Schulte’s fund finance team represents private equity funds, credit funds, hedge funds, real estate funds, funds-of-funds and other types of private investment funds in the full range of fund finance transactions, including subscription financing transactions, NAV facilities, rated feeders, secondary financings and other fund finance transactions. Through highly bespoke asset-backed facilities and related structures, we help our clients facilitate the acquisition and leveraging of portfolio assets, make time-sensitive investments, provide liquidity and redeem interests. We apply our in-depth knowledge of all types of fund structures and financing options to advance our clients’ interests and enhance their investment program.
Our fund finance capabilities are bolstered by the knowledge and experience of both our market-leading investment management practice and the breadth and diversity of our general finance practice. Additionally, we are well connected in the industry and have excellent working relationships with the banks, lenders, sovereign wealth funds and other institutional players in fund finance. Schulte’s private capital focus and wide experience working with the financial industry gives us a breadth of perspective and experience that sets us apart from our competitors.
The firm’s fund finance team regularly helps our clients structure, negotiate and execute:
- Subscription financing/capital call facilities
- NAV financings
- Hybrid facilities
- ABL facilities
- CLOs
- CFOs
- Secondary financings
- Carried interest facilities
- Rated feeders
- Fund-of-fund credit facilities
- Other financings specially designed for private investment funds
- Employee co-invest facilities
- Working capital lines of credit
- Other types of credit facilities designed for management companies and their principals and professionals