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Fund financing vs portfolio company financing

Published February 02, 2022

Funds primarily use one or more of the following financing products: subscription credit facilities; net asset value or asset-based loan credit facilities; or hybrid credit facilities combining SCF and NAV terms. These products are distinguished by their respective collateral packages, with SCFs ‘looking up’ towards investors, NAV credit facilities ‘looking down’ toward investments and hybrids looking both ways.

Author:
Anastasia Kaup
Managing Director and Partner Fund Finance Partners
FFP Article Fund Level V Portfolio Level Financing
PDF 2/10/2022
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