Fund Finance Insights series
The Loan Market Association (LMA) is delighted to announce the release of the first in our Fund Finance Insights series, an initiative aimed at enhancing understanding and engagement with this vital asset class.

Our inaugural paper, Tracing the History and Evolution of Fund Finance in Europe, uncovers the long-standing tradition of innovation and resilience within fund finance, challenging the perception that it is a relatively recent phenomenon.

There has been much talk about the growing role of NAV financing in fund finance. Whilst this is not a new product, it has been receiving increasing attention. In this LMA Talks Loan Markets we sat with market senior leader to unpack the future of NAV financing.

Today, we responded to ESMA’s consultation on the draft Regulatory Technical Standards on open-ended loan originating alternative investment funds.

The LMA welcomes ESMA’s approach in providing a harmonised implementing framework tailored to the specificities of OE LO AIFs, allowing managers to demonstrate to their respective NCAs that they can maintain an open-ended structure.

We believe that the framework should be aligned with market trends aimed at meeting investors’ increasing demands for alternative investment strategies with a liquid profile.

Read the full response here