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England - London • Investment fund formation and management
4

Fund finance

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Linklaters LLP

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Linklaters LLP maintains a track record for advising investment banks and funds on traditional and more bespoke financing products. The team is proficient in assisting on subscription line facilities as well as NAV facilities. Co-heads Oliver Edwards and Ian Callaghan spearhead the practice. Edwards is adept at multijurisdictional transactions, while Callaghan has capabilities across an array of fund financing products.
Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘Linklaters’ fund finance team is uniquely positioned with one of the most globally integrated and technically sophisticated practices in the market. Their strength lies in advising across the full spectrum of fund finance products—capital call, NAV, hybrid, and manager facilities—while offering deep expertise across diverse fund structures and jurisdictions.'

  • 'Clients benefit from their commercial pragmatism, cross-border coordination, and ability to tailor solutions to complex fund structures across asset classes like private equity, infrastructure, and real estate.’

  • ‘Ian Callaghan, a standout partner in Linklaters’ fund finance team, is widely recognised for his deep technical expertise and commercially focused approach to complex structured lending.'

  • 'Ian brings a rare blend of precision, pragmatism, and market insight that consistently adds value to both lender and sponsor-side clients.’

  • ‘Generally a very good level of competence across seniorities as well as jurisdictions. Level of customer service is very professional and handling of negotiation is very well done. Diversity and collaboration seems very natural.’

  • 'The team are very responsive and always distill complex negotiations into clear and consistent advice.'

Key clients

  • Citigroup
  • J.P. Morgan
  • Barclays
  • Triton
  • Ares
  • Royal Bank of Scotland International
  • Santander
  • SoftBank Vision Fund
  • Morgan Stanley
  • HSBC
  • Société Générale
  • Deutsche Bank
  • UniCredit Bank GmbH
  • Blackrock
  • CBRE

Work highlights

Acted for a consortium of bank lenders on a EUR1bn+ complex cross-border margin loan facility for a major international investment group.
Acted for a financial services provider on a number of fund financings to a key client of the provider, each of which comprised multiple underlying facility agreements.
Acted for Barclays Bank in respect of a highly bespoke NAV financing for Chrysalis Investments against shares in portfolio holdings.

Practice head

Oliver Edwards; Ian Callaghan