Over 800 financial industry leaders and professionals from around the country participated in Cadwalader's ninth annual Finance Forum in Charlotte this week!
Due diligence is a key aspect of the legal structuring and execution of fund finance facilities. In the subscription line market, there are generally well established conventions for performing due diligence on, in particular, the capital call mechanisms.
By contrast, in this article, we look at due diligence considerations in NAV financing; while this segment of the market is less settled in its approach, there are emerging trends in terms of approach to due diligence. Here, we consider these issues primarily from the perspective of the European market, though many of the issues will apply generally.
Cadwalader attorneys Wes Misson, Bronwen Jones, Jed Miller, Leah Edelboim and Chris van Heerden have authored a chapter in the newly published 2026 edition of Global Legal Insights – Private Credit, the leading international guide to private credit markets, published by Global Legal Group.
Chris van Heerden, director at Cadwalader, recently authored an article, “Recent Trends in Lending to Nonbank Financial Institutions,” that appeared in Law360.
Fund Finance Partner Leah Edelboim, along with Flora Go and Brent Shultz, will be speaking on a panel titled "Subscription Lines and Capital Call Facilities" at the upcoming PLI Fund Finance 2025.
The Loan Market Association has published its most recent Fund Finance Insights paper, titled "Institutional Capital in Fund Finance: Structuring and Documentary Considerations."
The new episode of the Praxio Fund Finance Expert Talk hosted by Michael Mbayi, with Richard Braham, Executive Director at the Commonwealth Bank of Australia is now available.