Launched in January 2025 with The Drawdown, the survey results are now in. The report offers insights into Fund Finance trends, based on anonymous and aggregated input from borrowers, lenders and advisers.
Latest News
LMA publishes joint paper on the implementation of the branch requirement under CRD VI
Together with Bank Policy Institute (BPI), the Swiss Finance Council, UK Finance, the UK Association of Foreign Banks (AFB), the Bankers Association for Finance and Trade (BAFT), and the Japanese Bankers Association (JBA), the LMA has published a position paper on EU Member States’ implementation of the branch requirement under CRDVI. This paper is intended to:
- highlight the approach that we believe best aligns national transposition with the policy intent behind CRD VI; and
- identify areas where certain transposition proposals or interpretations to date appear to have inadvertently diverged from the Level 1 text or policy intent.
Fund Finance Ratings: Behind the Scenes
Fund finance ratings are increasingly a discussion point in the fund finance market as it evolves. There is no "one size fits all" approach but it is important to be aware of the history of fund finance ratings and the role they play.
In our latest insights paper, Greg Fayvilevich (Global Head of Funds Group) and Sara Malinowsky (Director) at Fitch Ratings, and Kam Hessling (Managing Director) at LMA explore:
- The history and purpose of fund finance ratings
- Methodologies and confidentiality
- SF securitisation and SMAs
- NAV facility credit considerations
Fund Finance: Inside a shifting Landscape
Tune in to the latest LMA Talks
Loan Markets podcast on the shifting fund finance market and where it is heading. In January 2025, the LMA and The Drawdown launched the Fund Finance Intelligence Survey to improve transparency on market size, structures, and trends. Responses from borrowers, lenders, and advisers offered a snapshot just before the recent macroeconomic upheaval.
This explores: 1) Access to liquidity and structural innovation; 2) Trends in volume and deal flow; 3) NAV and CV market evolution; 4) ESG and its role in the market; 5) What's next for the market and the Survey.
With insights from:
- Jon Whiteaker, Editor- The Drawdown
- Andrew Husdan, Partner - Kirkland & Ellis
- Shailen Patel, Head of Strategy and Product - NLC Capital Partners LLP
- Brad Mitchell, Principal, Capital Markets - Pantheon
Featured Resources
Documents & Guidance
Access the LMA Documentation Hub where you can filter and search for Fund Finance-related documentation
Regulatory / Industry Consultations
Access information on key regulatory developments and consultations impacting the Fund Finance market.
Fund Finance Insights
Fund Finance Insights is our regular publication which provides insights to enhance understanding of the market.