Our expertise
We advise clients on a wide variety of facilities including the full spectrum of features
- Equity bridges
- Capital call/borrowing base facilities
- Omnibus/umbrella facilities
- Facilities to fund managers
- Warehousing facilities
- NAV facilities with recourse to fund assets (including loans to fund direct lending activities)
We advise and document on all aspects of fund finance
- Capital call facilities
- Fund margin lending
- Investment manager fee income loans
- Investment trust loans
- Financial collateral arrangements advice and analysis
- Funds due diligence
- Acting for funds as alternative bank lenders including in relation to acquisition finance (including stretched senior, unitranche, second lien, first loss/second loss and mezzanine finance) and real estate finance (senior and mezzanine)
We advise on fund structures across a wide range of jurisdictions
- Cayman Islands
- Delaware
- England & Wales
- Luxembourg
- Jersey
- Guernsey
- Ireland
- Germany
- France
- Mauritius
We provide advice across many fund asset classes
- Private equity
- Large buy-out and mid-market funds
- Debt
- Infrastructure
- Real estate
- Energy and natural resources
- Fund of funds
- Emerging market
Key Contacts
For more information on how we can support you, please speak to our lawyers below.
Explore our key Banking services
Asset Finance
The multi-disciplinary approach and global reach of Linklaters' Asset Finance practice offer major asset finance industry participants a critical competitive advantage.
Corporate and Structured Lending
Linklaters has a broad banking practice at the top of the market with leading relationships with all major banks and corporates in the syndicated loan market.
Financial Structuring - Prudential Regulation
Advising global banks and other financial institutions on financial structuring transactions, including providing prudential regulatory expertise.
High Yield
Linklaters' high yield group is fully integrated into the firm’s banking and private equity practices and comprises highly regarded lawyers with leading high yield and restructuring expertise.
Leveraged Finance
Linklaters offers an impressive leveraged finance capability with many partners recognised as leaders in their field. Our expertise is at the cutting edge of the market and we continue to advise on some of the biggest, most complex and innovative global deals.
Margin Lending
We have acted on nearly every high profile European margin loan in the last five years and we are the pre-eminent creditor-facing margin lending team in Europe.
Real Estate Finance
Linklaters' global real estate finance team combines the experience of the firm's pre-eminent finance, real estate and tax practices.
Restructuring and Insolvency
Linklaters' global restructuring and insolvency lawyers handle the world's most challenging and significant domestic and cross-border assignments.
Trade Finance
Trade finance transactions demand a combination of legal expertise and commercial awareness across a wide range of demanding jurisdictions.
Banking Litigation
Banking litigation lawyers at Linklaters have advised leading investment banks and other financial institutions on some of largest and most complex recent financial disputes.
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Asset Finance
Asset Finance
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Corporate and Structured Lending
Corporate and Structured Lending
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Financial Structuring
Financial Structuring
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Fund Finance
Fund Finance
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High Yield
High Yield
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Leveraged Finance
Leveraged Finance
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Margin Lending
Margin Lending
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Real Estate Finance
Real Estate Finance
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Restructuring and Insolvency
Restructuring and Insolvency
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Trade Finance
Trade Finance
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Banking Litigation
Banking Litigation
Our News
Fund Financing: Investors in the Spotlight
30 October 2024
In the world of fund finance, investors are key players. Lenders examine investors closely, and investors, in turn, scrutinise the implementation of financings with equal rigor.
Read on for more information on these topics:
- Investors through the lenders’ lens: subscription lines
- NAV booming: looking through the investors’ lens
NAV facilities over listed and unlisted equities: two worlds collided
10 July 2024
The inclusion of publicly listed assets within the borrowing base of a NAV financing can enhance the lenders’ position by giving them recourse to assets with greater liquidity and price transparency. However, it brings with it the need to understand the legal, regulatory and commercial issues specific to listed securities that wouldn’t otherwise be relevant in most NAV financings.
In this article, we explore some of the key structuring considerations that arise on these transactions where the typical NAV financing meets the margin lending world.
Industry associations publish new guide to sustainability-linked fund financing
7 March 2024
In March 2024, a joint working group of the Loan Syndications and Trading Association, Loan Market Association (“LMA”), Asia Pacific Loan Market Association and Fund Finance Association published a Guide to the Application of the Sustainability Linked Loan Principles in Fund Finance.
Banking Legal Outlook 2024
7 December 2023
A review of key legal developments in the loan markets in 2023 and the outlook for 2024, from LIBOR cessation and EURIBOR fallbacks to Basel 3.1 and ring-fencing reforms in the UK.
Funds Catch-Up
18 September 2024
Taking the insights gained from that market exposure, and the data collated by our in-house benchmarking tool, we are delighted to announce that we are launching a new Funds Catch-Up series of briefings for our clients. The series will cover a variety of asset classes, topics and themes.