NLC Fund Finance GP Survey – 2025
Welcome to NLC’s 2025 Fund Finance market survey, providing unique insights into Fund Financing from a General Partner’s (GP’s) perspective across 2025. This year’s survey
NLC is the first independent asset manager exclusively focused on fund finance. Leveraging our first-mover advantage and unwavering commitment to our values, we have rapidly grown into the largest independent fund finance lender, with over $6.5 billion in funded loans to date.
As the pioneering source of non-bank capital in the fund finance market, we have redefined the borrowing experience for funds and general partners, removing traditional banking constraints and delivering capital at scale. Our technology-enabled processes streamline execution, reduce operational burdens post-closing, and ensure speed, certainty, and transparency.
Through this approach, we have created lasting value for our clients, built deep and enduring relationships, and established ourselves as the trusted partner of choice for GPs and institutional investors.
Combined Industry Experience
Funded Loans
Live Book
Welcome to NLC’s 2025 Fund Finance market survey, providing unique insights into Fund Financing from a General Partner’s (GP’s) perspective across 2025. This year’s survey
Haynes Boone recently spotlighted the rise of term loans in subscription finance – and rightly so. But the real innovation lies in how these facilities
Rated Note Feeders (RNFs) are reshaping how GPs access insurance capital. By blending rated debt with equity, RNFs give insurers the capital efficiency of