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ARTICLE · 09 NOVEMBER 2026

Connections: Private Banking & Fund Finance

Fladgate LLP
Fladgate LLP
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Fladgate LLP

Fladgate LLP

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Fund finance partner Ed Fuller discusses the evolving landscape of fund financing with private banking specialist Jenny Sargeant, exploring how subscription credit facilities, NAV lending, and GP facilities serve investment funds at different lifecycle stages. The conversation reveals emerging opportunities for private banks as the market expands beyond traditional banking institutions to include insurance companies and alternative capital providers.

United KingdomFinance and Banking
Ed Fuller
Ed Fuller
Jenny Sargeant
Jenny Sargeant

Through our close-knit relationships across our firm our full range of expertise is at your fingertips. Helping you deliver first class service to your clients across their personal and business worlds. Jenny Sargeant, partner lead of our specialist private banking team sits down with fund finance partner Ed Fuller.

In a nutshell what’s your area of expertise? 

I am a general debt finance partner with a specialisation in fund finance and lending to regulated financial institutions. I started working on fund financings when I was at Dundas & Wilson (who were acquired by CMS) which was near the start of the fund finance market launching. RBS and Lloyds originally were the main lender participants in the UK market, and I worked on a large number of transactions for RBS in particular on larger syndicated deals of between £30m and around £500m. Historically the lending market has been dominated by banks, but now insurance companies and other financial services businesses are starting

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