January 28, 2026
A Willkie team led by partners Sarah Kessler, Adam True and Allison Tam, members of the firm’s cross-disciplinary private credit and insurance teams, authored a chapter “Private Credit Trends Impacting Fund Finance” in the recently published Global Legal Insights– Fund Finance 2026, 10th Edition.
The chapter, first published by Global Legal Insights, discusses recent private credit developments that are impacting fund finance products. Notably, private credit asset managers continue to originate and utilize fund finance products, and investor appetite, particularly for private investment-grade asset-based finance (ABF), is fueling origination of net asset value-based transactions across various strategies, such as middle-market lending, bespoke credit, royalties, private equity, secondaries and GP stakes. In addition, borrower demand has contributed to the growth of private ABF as banks increase lending to non-depository financial institutions, and separately, fundraising by private credit asset managers from private wealth channels is continuing to affect fund structures and their liquidity needs.
Read the full chapter here.
The chapter, first published by Global Legal Insights, discusses recent private credit developments that are impacting fund finance products. Notably, private credit asset managers continue to originate and utilize fund finance products, and investor appetite, particularly for private investment-grade asset-based finance (ABF), is fueling origination of net asset value-based transactions across various strategies, such as middle-market lending, bespoke credit, royalties, private equity, secondaries and GP stakes. In addition, borrower demand has contributed to the growth of private ABF as banks increase lending to non-depository financial institutions, and separately, fundraising by private credit asset managers from private wealth channels is continuing to affect fund structures and their liquidity needs.
Read the full chapter here.
