The Great Sub Line Debate

How long is too long? That is a question often asked of subscription credit lines. Even with more transparency and understanding, the proper use of subscription credit facilities is still a point of contention.

At their core, these lines are sup­posed to be bridging a capital call, yet durations—which are typically around 90 days—are often being extended by general and limited partners who are pushing for longer terms.

Alter Domus’ Timothy Ruxton, who focuses on private market funds including private equity, credit and securitizations, sat down with Private Funds CFO to discuss this trend and its implications. Read the full article now.