Here is who’s on the move in the fund finance industry:

Tony Leadbetter has joined U.S. Bank as the Head of Portfolio Management for Subscription Finance. Tony was most recently an Executive Director in Fund Finance at Wells Fargo. He brings a wealth of experience in fund finance and other related secured finance and asset-based lending products. 

Tony joins a busy and growing team led by Mike Henry, Managing Director and Head of Subscription Finance. 

Emily Rose has joined Balance Strategic Capital to head up the Origination team. Emily joins from HSBC Innovation Bank where she was Managing Director and Head of Business Development, responsible for the acquisition of new fund clients, and was central to the success of the business over the last seven years. Prior to HSBC/SVB, Emily was a key member of the NatWest Markets fund finance team, managing relationships with a portfolio of large cap sponsors. At Balance, Emily will be responsible for originating transactions for private funds in UK, Europe and North America. She will also lead the ongoing relationship management of Balance’s existing customer base.

Balance Strategic Capital was formally launched in May 2024 with the intention of providing fund finance solutions to a range of private funds with a particular focus on under-served parts of the market such as venture capital funds and mid-market private equity funds. To date Balance has completed 8 transactions (a mix of NAV facilities, GP facilities and GP hybrid facilities). Emily will join David Proud (Head of Credit & Structuring), having previously worked together at NatWest Markets.