with James Rock-Perring, Fund Finance Advisor at BlueRock Advisory
EUVC Academy · 1h 7m · Fund Strategy, Fund Operations
Fund finance refers to financing tools used at the fund level to manage liquidity and bridge capital needs. It matters because it enables faster execution, smoother cash flow management and improved fund performance.
This session focuses on subscription lines, NAV financing and GP support facilities, and how they are used in practice. It covers when these are relevant across a fund’s development and how to structure and execute them effectively for different fund sizes and stages.
Key Learning Points
Fund finance products and lifecycle application
Subscription lines are used during the investment period and rely on LP commitments
NAV financing becomes relevant once net asset value is built in the portfolio
GP support facilities provide financing for GP commitments and co-invest needs
Executing a fund finance process
Starts with defining the financing need and appropriate product
Involves running a competitive process across relevant lenders
Execution requires managing credit, legal and KYC processes in parallel
Typical timeline from start to completion is around two to three months
