Collateral Damage: What Not to Overlook in Subscription Line and Management Fee Line Facility Diligence

Structuring subscription credit facilities and management fee lines of credit involve a firm understanding of a lender’s collateral package and having solid due diligence to avoid issues from a credit and legal perspective. Loeb & Loeb partners Anthony Pirraglia, Peter Beardsley and Richard Facundo updated their fundamental chapter “Collateral Damage: What Not to Overlook in Subscription Line and Management Fee Line Facility Diligence,” in the ninth edition of Global Legal Insights: Fund Finance Laws and Regulations 2025. Anthony, Peter and Richard provide a step-by-step, systematic approach to the due diligence critical for successfully underwriting and consummating a lending facility to a private equity fund or manager under a subscription line lending or a management fee line of credit scenario.

The ninth edition of Global Legal Insights: Fund Finance Laws and Regulations 2025 “covers legal trends and developments in the greater fund finance markets” in 50 chapters: two chapters on industry viewpoints, 29 product-oriented chapters and 19 chapters covering individual jurisdictions. Loeb partners have authored a chapter in each edition of this seminal treatise on fund finance legal issues since its first publication in 2017. 

Click here to read the chapter “Collateral Damage: What Not to Overlook in Subscription Line and Management Fee Line Facility Diligence.”