The Loan Market Association has published its most recent Fund Finance Insights paper, titled "Institutional Capital in Fund Finance: Structuring and Documentary Considerations."

Institutional investors have become a valued source of additional capital and catalyst for innovation in the fund finance market. However, their participation as lenders introduces specific considerations which impact how transactions are structured and documented. The latest Insights paper covers:  

• The participation of institutional lenders in fund finance
• Practical structuring considerations, including operations, loan structure, funding timescales
• Investment entry points and diligence requirements
• The role of ratings
• Withholding tax and gross-up obligations
• Transferability provisions
• Future outlook

Thank you to authors: Shelley Morrison, Head of Fund Finance at Aberdeen and Kam Hessling, Managing Director at the LMA.

Read the report here.