With the growth of fund finance, the Mourant team have all observed cross-over between areas such as securitisation, structured finance, and the insurance sector, blurring the lines between historically separate areas. The next frontier is rapidly coming into focus: crypto. Luxembourg is consistently at the forefront of financial innovation and has already adopted a strong legal framework on virtual assets, paving the way to fund tokenisation in a fund finance context. While crypto presents some challenges to fund finance, it may also provide some novel solutions.
The new episode of the Praxio Fund Finance Expert Talk hosted by Michael Mbayi, with Ian Wiese, Managing Director at Barings is available!
This week Charlotte partner Trent Lindsay, special counsel Eric Worthington and associate Kayla Culver connect with Mike Wiederecht and Matt Ziemer, Managing Directors at PNC Bank.
Based in New York, Mike has over 13 years of banking experience, and a degree in finance and mathematics from the University of Notre Dame. With PNC since 2014, Matt is based in Philadelphia and has a degree in economics and sociology from Washington and Lee University.
The second edition of the Working Guide to Fund Finance, published by Brickfield, is now available in PDF and print format.
The Fund Finance Association recently hosted its 7th Annual Asia-Pacific Fund Finance Symposium on November 6, 2025.
The Mourant team summarises the top takeaways from the event as speakers reflected on the year that was - and what lies ahead.
The credit parties under a subscription credit facility may require flexibility in providing funds to their portfolio companies. Instead of using their own capital to make an equity investment in one of their portfolio companies or making an interfund loan, the credit parties may request that lenders under the subscription credit facility provide loans directly to their portfolio companies. Most lenders will accommodate this request by permitting portfolio companies to borrow under the credit agreement as “qualified borrowers” while other lenders will provide the requested funds through a separate portfolio company loan agreement.
This article will provide an overview of qualified borrower mechanics in a traditional subscription credit facility versus establishing a separate portfolio company loan agreement.
In the latest installment of our U.S. Bank Quarterly Survey, we review the current banking landscape and its historical context with two questions in mind: First, what do bank fundamentals tell us about the state of the U.S. economy (recognizing that this is a retrospective or coincident analysis)? And, second, what can we infer about the capacity and willingness of banks to extend credit (a more forward-looking inquiry)?
Cadwalader partner Nick Shiren authored a chapter in the newly released second edition of Brickfield’s “The Working Guide to Fund Finance,” a comprehensive guidance targeting lenders, lawyers, fund professionals and brokers practicing in the UK, European and offshore fund finance markets.