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Deeply invested in fund finance partnerships

Dedicated Global Fund Finance Team

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Fund finance solutions that are out of the ordinary

Facilities tailored to your funds’ needs that you can use and adapt.

Less friction when your needs change

 

 

Competitive pricing with access to diversified pools of capital
More confidence in your financing options

Flexible across the fund lifecycle

We support U.S. private equity funds across many strategies and stages, providing financing solutions that are flexible enough to suit any requirement.

 

Subscription facilities

Bridging capital calls and managing liquidity efficiently, with flexible drawdown structures.

 

GP financing

Supporting General Partner (GP) commitments, co-investment, new strategies, succession planning, and ongoing working capital needs.

 

Secondary transactions

Tailored solutions for GP-led and Limited Partner (LP)-led transactions, and complex fund restructurings.

 

Infrastructure Net Asset Value-based financing

Liquidity solutions to protect value and support returns in mature portfolios.

 

Subscription facilities

Bridging capital calls and managing liquidity efficiently, with flexible drawdown structures.

 

GP financing

Supporting General Partner (GP) commitments, co-investment, new strategies, succession planning, and ongoing working capital needs.

 

Secondary transactions

Tailored solutions for GP-led and Limited Partner (LP)-led transactions, and complex fund restructurings.

 

Infrastructure Net Asset Value-based financing

Liquidity solutions to protect value and support returns in mature portfolios.

 

Sharon Thandi
Sharon Thandi, Investec

With more than 15 years of fund finance experience, over $25 billion in loans advanced and a dedicated team on the ground in New York, we deliver flexible, tailored financing solutions that support managers across the full fund lifecycle.

Speed and certainty built in

Aligned capital. Accelerated execution.

By leveraging our Partnership Capital platform, we give borrowers access to a wider and more diverse institutional lender base—providing competitively priced facilities designed around the fund’s unique objectives, lifecycle, and capital requirements.

 

Let’s start a conversation

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Download our Fund Solutions overview


  

U.S. Fund Solutions backed by our global network

Founded in 2008, Investec Fund Solutions supports private capital clients across the U.S., U.K., and Europe. Our U.S. teams are backed by Investec’s international platform and large network of institutional capital partnerships.

$25bn+

in loans advanced

$8.3bn+

arranged annually

50+

client relationships

Dedicated

fund finance team with deep lifecycle expertise

Speed and certainty in action

$81m GP-led continuation

Investec was lead arranger and agent for a GP-led continuation solution, supporting portfolio evolution and execution certainty.

“We understood the commercial and structural sensitivities of the transaction from the outset. Our ability to move quickly while maintaining flexibility was critical to achieving certainty at closing.”

– Fund Manager

$300m subscription facility

Capital call facility combining revolver and term tranches within a single framework, arranged by Investec to support liquidity management.

"The facility delivered exactly what we needed to manage liquidity."

– Fund Manager

$550m GP-led solution

Continuation financing supporting portfolio acquisitions and the ongoing development of a mature fund structure.

“This was a complex transaction with multiple moving parts. Investec’s ability to provide certainty around funding and adapt the structure as discussions progressed was invaluable.”

– Fund Manager

Previous
Previous

$81m GP-led continuation

Investec was lead arranger and agent for a GP-led continuation solution, supporting portfolio evolution and execution certainty.

“We understood the commercial and structural sensitivities of the transaction from the outset. Our ability to move quickly while maintaining flexibility was critical to achieving certainty at closing.”

– Fund Manager

$300m subscription facility

Capital call facility combining revolver and term tranches within a single framework, arranged by Investec to support liquidity management.

"The facility delivered exactly what we needed to manage liquidity."

– Fund Manager

$550m GP-led solution

Continuation financing supporting portfolio acquisitions and the ongoing development of a mature fund structure.

“This was a complex transaction with multiple moving parts. Investec’s ability to provide certainty around funding and adapt the structure as discussions progressed was invaluable.”

– Fund Manager


  

Our latest transactions

Rockland Capital

$350 million subscription line facility for Fund V.

February 2026
 

Next Energy Capital

$130 million NAV facility for NextPower III ESG.

August 2025
 

$325 million subscription facility

UK & Europe

Subscription facility to a continuation fund.

Investec acted as Lead Arranger.

H2 2025

$150 million NAV facility

Europe

4-year facility to a European mid-market fund to assist with additional dry powder for acquisitions Investec.

Investec acted as Arranger.

H2 2025

$1 billion Hybrid facility

Europe

3-year facility to part-fund the acquisition of upper-mid market businesses and ongoing working capital requirements of the fund.

Investec ated as Co-arranger.

H2 2025

$300 million Subscription facility

Europe

Investments and working capital purposes of the fund.

Investec acted as Co-arranger.

H1 2026

Rockland Capital

$350 million subscription line facility for Fund V.

February 2026
 

Next Energy Capital

$130 million NAV facility for NextPower III ESG.

August 2025
 

$325 million subscription facility

UK & Europe

Subscription facility to a continuation fund.

Investec acted as Lead Arranger.

H2 2025

$150 million NAV facility

Europe

4-year facility to a European mid-market fund to assist with additional dry powder for acquisitions Investec.

Investec acted as Arranger.

H2 2025

$1 billion Hybrid facility

Europe

3-year facility to part-fund the acquisition of upper-mid market businesses and ongoing working capital requirements of the fund.

Investec ated as Co-arranger.

H2 2025

$300 million Subscription facility

Europe

Investments and working capital purposes of the fund.

Investec acted as Co-arranger.

H1 2026

How we work with you

We are a specialist fund finance business offering direct access to senior professionals, streamlined execution, and consistent, relationship‑led service.

Our partnerships span multiple funds, vintages, and strategies—growing alongside our clients. You work directly with experienced specialists who understand fund operations, documentation, and the pressures of managing liquidity across complex fund structures and stakeholder groups.

  • No ancillary products

  • No deposit requirements

  • No expectation to fit into a broader banking agenda

  • Focused fund finance, delivered with care and judgment

Let’s start a conversation

Our U.S. team is actively supporting private equity funds with subscription facilities, GP financing, and structured solutions—combining local origination with Investec’s international platform and institutional capital partnerships.

Meet our team to explore a more flexible, reliable approach to fund finance and compare perspectives.

Grant Crosby

Grant Crosby

Head of Fund Solutions

Grant Crosby

Head of Fund Solutions

Heads up the UK Fund Solutions business. Investec has built an international franchise which originates, structures and provides capital solutions to the private capital funds market (i.e. private equity, infrastructure, real estate and credit funds) from key geographies where we have expertise. The team is run out the UK and focusses on fund managers that invest in the UK, Europe and the USA, irrespective of where they are domiciled.
 
Grant has been with Investec for 15 years and has experience working in the Advisory, Leveraged Finance and now the Fund Solutions business.

Olivia Deroy

Olivia Deroy

Fund Solutions

Olivia Deroy

Fund Solutions

Olivia works with U.S. private capital sponsors to deliver structured financing solutions that support managers across the full fund lifecycle. Her experience spans GP and management company facilities, subscription lines, GP-led transaction financing and NAV-based lending solutions.

Olivia began her career at Investec in London, where she spent approximately four years, primarily within the Fund Solutions business. In 2022, she relocated to New York to join First Republic Bank before returning to Investec’s Fund Solutions team in 2023 as the business expanded into the U.S. market.

In her current role, Olivia focuses on supporting and helping to drive the expansion of Investec’s Fund Solutions business in the U.S. She holds an MSci in Management Science from University College London.

Matt Wilbur

Matt Wilbur

Fund Solutions

Matt Wilbur

Fund Solutions

Matt focuses on originating financing solutions for U.S. private capital sponsors, primarily across subscription facilities, GP commitment financings, GP-led transaction financings and NAV lending.

He brings specialist expertise in structuring complex transactions tailored to each fund’s needs and has recently structured ECL-backed and Tranche B facilities to provide additional liquidity to funds.

Prior to joining Investec, Matt was a member of the Equity Fund Resources team at Western Alliance Bank, where he worked across fund finance lending and the allocation of bank capital to funds. Matt holds a BS in Mathematics from the University of California, San Diego.

Sharon Thandi

Sharon Thandi

Fund Solutions, New York

Sharon Thandi

Fund Solutions, New York

Sharon works with US private capital fund managers to deliver tailored financing solutions across subscription facilities, GP solutions, secondaries and NAV lending. She brings deep expertise in secondaries, having co-led Investec’s Fund Solutions secondaries strategy across the UK and Europe, executing global transactions before relocating to New York.

More recently, Sharon has focused on structuring subscription facilities, NAV facilities and continuation vehicle financings, supporting sponsors across a range of asset classes throughout the fund lifecycle and across evolving market conditions.

Sharon has more than 13 years of experience spanning fund finance, sponsor coverage and restructuring. She joined Investec’s Fund Solutions business in London in 2022 before relocating to New York to help spearhead the growth of the US platform. Prior to Investec, she spent a decade at Lloyds Banking Group. Sharon holds a BA in Economics and Politics from the University of Manchester.

Nokulunga Mdluli

Nokulunga Mdluli

Fund Solutions - Syndication

Nokulunga Mdluli

Fund Solutions - Syndication

I work within the Syndications team at Investec responsible for syndicating products originated by Fund Solutions, and managing relationships with external lenders. I cover both Bank and Institutional investors across multiple geographies with appetite for our bespoke financing solutions including GP Facilities, Capital Call Facilities and NAV facilities. I have over 8 years of banking experience and prior to joining Investec in 2022, I worked in the Loan Syndications team at Standard Chartered Bank supporting multi-billion dollar syndicated transactions across Europe and Sub-Saharan Africa for multi-national Corporates, Financial Institutions and Sovereign borrowers.

Grant Crosby

Grant Crosby

Head of Fund Solutions

Grant Crosby

Head of Fund Solutions

Heads up the UK Fund Solutions business. Investec has built an international franchise which originates, structures and provides capital solutions to the private capital funds market (i.e. private equity, infrastructure, real estate and credit funds) from key geographies where we have expertise. The team is run out the UK and focusses on fund managers that invest in the UK, Europe and the USA, irrespective of where they are domiciled.
 
Grant has been with Investec for 15 years and has experience working in the Advisory, Leveraged Finance and now the Fund Solutions business.

Olivia Deroy

Olivia Deroy

Fund Solutions

Olivia Deroy

Fund Solutions

Olivia works with U.S. private capital sponsors to deliver structured financing solutions that support managers across the full fund lifecycle. Her experience spans GP and management company facilities, subscription lines, GP-led transaction financing and NAV-based lending solutions.

Olivia began her career at Investec in London, where she spent approximately four years, primarily within the Fund Solutions business. In 2022, she relocated to New York to join First Republic Bank before returning to Investec’s Fund Solutions team in 2023 as the business expanded into the U.S. market.

In her current role, Olivia focuses on supporting and helping to drive the expansion of Investec’s Fund Solutions business in the U.S. She holds an MSci in Management Science from University College London.

Matt Wilbur

Matt Wilbur

Fund Solutions

Matt Wilbur

Fund Solutions

Matt focuses on originating financing solutions for U.S. private capital sponsors, primarily across subscription facilities, GP commitment financings, GP-led transaction financings and NAV lending.

He brings specialist expertise in structuring complex transactions tailored to each fund’s needs and has recently structured ECL-backed and Tranche B facilities to provide additional liquidity to funds.

Prior to joining Investec, Matt was a member of the Equity Fund Resources team at Western Alliance Bank, where he worked across fund finance lending and the allocation of bank capital to funds. Matt holds a BS in Mathematics from the University of California, San Diego.

Sharon Thandi

Sharon Thandi

Fund Solutions, New York

Sharon Thandi

Fund Solutions, New York

Sharon works with US private capital fund managers to deliver tailored financing solutions across subscription facilities, GP solutions, secondaries and NAV lending. She brings deep expertise in secondaries, having co-led Investec’s Fund Solutions secondaries strategy across the UK and Europe, executing global transactions before relocating to New York.

More recently, Sharon has focused on structuring subscription facilities, NAV facilities and continuation vehicle financings, supporting sponsors across a range of asset classes throughout the fund lifecycle and across evolving market conditions.

Sharon has more than 13 years of experience spanning fund finance, sponsor coverage and restructuring. She joined Investec’s Fund Solutions business in London in 2022 before relocating to New York to help spearhead the growth of the US platform. Prior to Investec, she spent a decade at Lloyds Banking Group. Sharon holds a BA in Economics and Politics from the University of Manchester.

Nokulunga Mdluli

Nokulunga Mdluli

Fund Solutions - Syndication

Nokulunga Mdluli

Fund Solutions - Syndication

I work within the Syndications team at Investec responsible for syndicating products originated by Fund Solutions, and managing relationships with external lenders. I cover both Bank and Institutional investors across multiple geographies with appetite for our bespoke financing solutions including GP Facilities, Capital Call Facilities and NAV facilities. I have over 8 years of banking experience and prior to joining Investec in 2022, I worked in the Loan Syndications team at Standard Chartered Bank supporting multi-billion dollar syndicated transactions across Europe and Sub-Saharan Africa for multi-national Corporates, Financial Institutions and Sovereign borrowers.

This announcement is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities.

Investec Bank plc whose registered office is at 30 Gresham Street, London EC2V is authorized by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, registered no. 172330.

 

When you’re deeply invested, out-of-the-ordinary things happen

Our purpose is to create enduring worth

Learn more about our Out of the Ordinary approach.

 

Discover more from our U.K. Private Equity Fund Finance team