In this edition of our Fund Finance Market Review, we discuss noteworthy developments in the subscription credit facility and fund finance markets, including our views on the challenges and opportunities likely to be present over the course of the upcoming year. We also explore evolving approaches to borrowing base calculations, pre-funding rights associated with certain investors and select issues facing an administrative agent in the context of a syndicated credit facility. Finally, we examine the use of repurchase facilities as an alternative source of liquidity for private equity funds.
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