Fund Finance To The Fore

Key Takeaways

• 36% of respondents expect fund finance to increase in the next 12-18 months. One year ago, only 2% anticipated an increase.
• Fund finance is now a core, durable GP tool to manage liquidity – used to reduce capital calls, fund GP commitments, make distributions, and support portfolio companies – via NAV facilities, subscription lines, and other financing solutions.

More than a third (36%) of survey respondents in the 2026 Global Private Equity Outlook survey expect fund finance to increase in the next 12-18 months, which is a significantly more optimistic outlook than a year ago, when only 2% anticipated an increase.

"There is greater demand for fund-level financing now, and it will increase in 2026. Until economic conditions improve, funds require additional capital from sources other than the usual investors," one GP says.