Buyout and Growth Funds
Bridge investments, management fees and transaction expenses before scheduled capital calls are funded.
Fund Finance for Investment Managers
Subscription Line Financing Advisory
Financely advises private equity, private credit, infrastructure and real estate fund managers on subscription credit facilities secured by eligible uncalled investor commitments. These revolving facilities can bridge capital calls, support investments and improve fund-level liquidity management.
Revolving fund finance structured around eligible investor commitments and enforceable capital call rights.
Bridge Capital Calls With a Committed Facility
A subscription line allows a fund to borrow against the uncalled commitments of eligible investors. The facility can provide temporary liquidity for acquisitions, expenses and investments before capital contributions are received.
We review the fund structure, analyze the investor base and prepare a lender-ready financing package for targeted placement.
Request a Subscription Line ReviewEligible Fund Structures
Direct Lending Funds
Support loan closings and portfolio deployment while coordinating investor contribution timing.
Infrastructure Funds
Fund project investments and contractual commitments before drawing capital from limited partners.
Property Investment Funds
Bridge acquisitions, deposits and closing costs across single-asset and diversified fund strategies.
The primary collateral is normally the fund’s right to call capital. Lenders therefore focus on the enforceability of capital commitments, investor quality and the fund’s governing documents.
How the Borrowing Base Is Determined
- Eligible uncalled investor commitments
- Advance rates assigned by investor category
- Investor concentration limits
- Exclusion events and defaulting investor provisions
- Side-letter restrictions
- Fund-level indebtedness limits
- Capital call notice and payment procedures
- Facility maturity and clean-down requirements
Documents Required for Review
Fund Documentation
- Limited partnership agreement
- Private placement memorandum
- Subscription agreements
- Side letters
- Organizational documents
Investor and Financial Data
- Investor commitment schedule
- Capital call history
- Fund financial statements
- Investment pipeline
- Existing fund-level debt
Our Advisory Scope
- Fund document and capital call structure review
- Preliminary borrowing-base analysis
- Facility sizing and use-of-proceeds assessment
- Lender presentation and credit materials
- Bank and private fund finance provider outreach
- Term sheet comparison and structural negotiation
- Diligence and closing coordination
How the Process Works
1
Fund Review
We assess the fund documents, strategy, commitments and investor composition.
2
Borrowing Base
We analyze eligible commitments, concentration limits and proposed facility size.
3
Provider Outreach
We present the financing request to suitable fund finance providers.
4
Closing Support
We coordinate diligence, term negotiation and the documentation process.
Request Subscription Line Financing
Submit the fund strategy, requested facility amount, investor commitment schedule and governing documents for an initial assessment.
Submit a Fund Finance RequestFrequently Asked Questions
What secures a subscription credit facility?
Security generally includes the fund’s rights to call and receive investor capital, related accounts and supporting fund rights.
Can a first-time fund qualify?
It may qualify when the manager, investor base, fund documents and commitments meet the provider’s underwriting requirements.
Does Financely provide the facility directly?
Financely provides advisory, structuring and placement support. Banks and third-party capital providers make final credit decisions.
This page is provided for general information and does not constitute a commitment to arrange or provide financing. Financely works on a best-efforts basis. All mandates remain subject to KYC and AML review, sanctions screening, legal review, provider approval, diligence and definitive documentation.