Fund Financing Solutions

At Leroy & Goldbach, our Fund Financing practice supports sponsors, fund managers, and lenders throughout all stages of a fund’s lifecycle, from fund inception to portfolio maturity. We combine in-depth expertise in fund structuring and financing to deliver pragmatic and secure solutions tailored to private equity, venture capital, real estate, private debt, and infrastructure funds.

We assist clients in structuring and documenting a wide range of fund financing transactions, including

Capital call / subscription line facilities – typically secured by a pledge over investors’ uncalled commitments and related rights, to provide short-term liquidity pending capital calls.

Bridge financing – temporary facilities allowing the fund to finance investments or expenses ahead of investor drawdowns.

NAV (Net Asset Value) facilities – loans secured by the value of the fund’s underlying portfolio, designed to provide liquidity to mature funds or secondary transactions.

Hybrid facilities – combining elements of both capital call and NAV financing to offer flexibility during the transition between investment and divestment phases.

Our team advises on all legal aspects of these transactions, including

Drafting and negotiation of pledge agreements, facility agreements, and related security packages under Luxembourg law;

Coordination with local lenders, depositaries, and service providers;

Regulatory review to ensure compliance with AIFMD, Luxembourg Securitisation vehicle and fund governance requirements;

Cross-border structuring and interaction with fund documentation (LPA, subscription agreements, side letters).

We take a proactive, commercial approach to fund financing matters — helping clients secure efficient financing while maintaining flexibility and investor confidence.

Ready to secure financing for your fund's lifecycle? Speak to a partner about subscription lines, NAV facilities, and tailored financing solutions.