White & Case LLP is equipped to advise on a broad spectrum of debt products available to private funds, including subscription, hybrid, NAV and GP facilities. Emma Russell, who joined the practice from Haynes and Boone CDG, LLP in December 2024, leads the team. Russell regularly acts for UK and international lenders, including syndicates of lenders, leveraging the firm’s US presence.
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Testimonials
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‘White & Case’s fund finance team is distinguished by its deep bench of expertise across the full spectrum of fund finance products—including subscription, hybrid, NAV, GP, and preferred equity facilities—paired with a strong global footprint that enables seamless cross-border execution.'
'The team is known for its strategic, solutions-driven approach, advising both lenders and fund sponsors with precision and commercial insight. Clients value their ability to navigate complex structures and regulatory environments, particularly in secondary transactions and fund restructurings.’
‘Emma Russell, partner and head of the EMEA Fund Finance Practice at White & Case, stands out as a leading figure in the global fund finance market. With over two decades of experience, she brings unmatched depth across the full spectrum of fund lending products—from capital call and NAV facilities to GP support and securitisation-linked structures.'
'What sets Emma apart is her rare combination of technical excellence, commercial pragmatism, and leadership in shaping the industry’s future.’
Work highlights
Acting for State Street Bank and Trust Company as Original Lender, Arranger and Facility Agent in connection with a $125,000,000 subscription line facility made available to a global secondaries fund.
Representing Crestline in relation to a US 200,000,000 NAV facility for a UK real estate fund and their UK portfolio of properties, including receivables and asset security across 3 jurisdictions.
Representing a syndicate of lenders, including SMBC and SMTB in relation to a capital call financing provided to an SMA Middle Eastern sovereign wealth fund.
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Practice head
Emma Russell