Inside Fund Finance: Trends, Challenges And What's Next

Loeb Finance partner Peter Beardsley gives an insider perspective on the world of fund finance, with insights into the rise of hybrid and net asset value (NAV) facilities, the increasing role of high net worth and retail investors, and the legal challenges posed by legacy limited partnership agreements (LPAs). He explores how market shifts, lender innovation and fund structuring issues are driving change in the sector.

Tell us about your practice and the types of fund finance matters you generally handle.

My practice focuses on fund finance, asset-based lending and private bank lending to high net worth individuals. I represent a wide range of financial institutions and borrowers, typically in secured credit facilities, including subscription lines, NAV facilities, asset-based lending and specialty finance transactions. I also advise on private banking matters like art loans and securities-backed lending and regularly write and speak on topics relevant to