The LMA has published its latest Fund Finance Insights paper, spotlighting one of the most talked about current trends in private markets: the resurgence of evergreen fund structures. As managers rethink how they raise and deploy capital - and as new investor groups seek access to private markets - the many forms of evergreen models are stepping into the spotlight.

This paper outlines how these vehicles work, what sets them apart from closed end funds, and what managers, lenders and investors need to know now. It covers structural drivers, liquidity design, valuations, investor expectations, lender roles and the evolving outlook for evergreen strategies.

The Institutional Limited Partners Association (ILPA) has issued a new Continuation Fund Disclosure Template, designed to standardise and clarify the key information LPs typically receive during continuation fund transactions. It builds on ILPA’s 2023 Continuation Fund Guidance and aims to strengthen transparency, reduce potential conflicts of interest, and support a more streamlined roll/sell evaluation process.

The template is intended to complement, rather than replace, materials prepared by GPs and advisers, while directing LPs to relevant supporting documents.  It is intended to promote clearer communication and a more efficient assessment of continuation fund opportunities for LPs.

In this webinar our speakers – representing lender, sponsor and adviser perspectives – provide an Introduction to ABLs in Europe.

Europe’s asset-based lending (ABL) market is growing, driven by the continuing growth in private credit and demand from LPs for levered strategies.  In this webinar, Sabih Hussain (Head of Capital Markets at Corinthia Global Management), Dan Marcus (Partner at King & Spalding) and Chin Lim (Managing Director at Citi Global Credit Financing) discuss:

• Use cases for, and structuring of, ABLs
• Growth and development of ABLs in Europe vs the US
• How asset security works in ABLs
• Different types of ABLs and comparison to subscription facilities
• Future of ABLs

This webinar is available on-demand and is the fourth in a series of LMA educational webinars on structuring and documentation of fund finance transactions.