Fund Finance

Tailored finance for private equity practitioners and investors

Investec’s Private Equity Partner and Fund Finance division is focused on the financing requirements of:

• general partners in private equity firms
• private equity funds
• fund advisors/management companies
• family offices/high net worth investors in private equity funds

Our dedicated team focuses only on the private equity sector, offering you financing structures to you as practitioners and investors.

Our approach

We are relationship driven, with a strategy of building a lending business around leading private equity professionals.

We combine our specialist knowledge of the private equity sector with financing structures which aim to meet your specific strategic and operational requirements. We aim to:

• back individuals with a successful track record of running private equity funds and investing in private equity
• look beyond collateral to your track record
• be creative and structure each deal to your requirements

Out of the ordinary

We have a dedicated team based in London with European coverage.

We offer solution orientated lending, structuring our financing facilities to meet your specific requirements. We intentionally do not have any predefined lending parameters; our credit philosophy is to structure each deal on its own merits.

We take responsibility for each phase of the financing process: from originating, structuring, credit approval, implementation and then through to the ongoing transaction management. You benefit from one point of contact and deal with a banker who has an intimate knowledge of every aspect of the financing structure.

We regard our seamless execution skills as key to a successful transaction. Our short approval process, non-reliance on loan syndication and experience in the private equity industry, result in an ability to close complex transactions quickly.

We cross-borders. The private equity industry is global, and in recognising this, we transact with funds irrespective of their geographic focus.

We offer fully underwritten transactions. We transact as principal and typically do not syndicate our facilities. This results in a simpler implementation and provides clients with the confidence in dealing with only one counterparty.

We take a risk-adjusted approach to pricing.

Other areas of specialisation within our team

• Succession planning for new partners
   
• Funding general partners to purchase secondary interests in their own funds
   
• Financing management to buy equity into listed vehicles
   
• Specialist treasury products designed around funds and general partners’ needs

Case studies

> Co-investment lending

> Partner finance

> Fund finance

> High net worth investors