NLC Fund Finance Market Report – Q1 2026
Fund Finance Q1 2026 Market Update highlighted institutional non-bank capital as an increasingly important and permanent feature of the fund finance market. Rather than crowding out traditional bank lenders, this capital is complementing them, giving GPs greater financing optionality, and positioning the market for continued growth as it surpasses the trillion-dollar mark. Market conditions in […]
Credit NAV Lending
As the leading non-bank fund finance lender in the market, NLC is able to bring a differentiated approach to Credit NAV lending. This includes the provision of non-securitisation-denominated facilities, hybrid facilities and greater flexibility around key terms such as portfolio concentrations and cash-sweeps in a fund’s later life.Critically, even in times of relative market uncertainty, […]
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 captures responses from over 75 GPs, a 25% year-on-year growth, across a broad range of private capital strategies and reflects how managers are adapting to a prolonged period of slower […]
Term Loans – The Evolution from Static to Strategic
Haynes Boone recently spotlighted the rise of term loans in subscription finance – and rightly so. But the real innovation lies in how these facilities are evolving. At NLC, we’ve taken term lending further, transforming static, single-use products into dynamic Revolving Term Facilities (RTFs) that combine the efficiency of term debt with the flexibility of […]
Rated Note Feeders – Unlocking Insurance Capital
Rated Note Feeders (RNFs) are reshaping how GPs access insurance capital. By blending rated debt with equity, RNFs give insurers the capital efficiency of fixed income while preserving the fund’s economics. Yet, with that efficiency comes structural nuance – from horizontal versus vertical designs to lender enforceability under stress. Our latest white paper unpacks how […]
NLC Launches Infinitas – Tech Platform for Fund Finance Management
We are proud to announce the launch of our tech platform, Infinitas, the latest offering from NLC in the fund finance space. Infinitas has been designed from the ground up to streamline the way fund managers, general partners and investors engage with lending facilities, bringing automation, transparency and a modern user-experience to a market that has […]
Opening of Our New York Office
We are proud to announce the opening of our New York office. As part of this expansion, Slade Spalding, Founding Partner of NLC, will be relocating to New York to spearhead our U.S. presence. This move reflects both our long-term commitment to the U.S. market and our belief in the strength of the partnerships we have […]
NLC Fund Finance Market Report – Q2 2025
Fund Finance Q2 market update reinforced the central role of Term Loans in subscription financing. Once considered niche, Term Loans have now become a permanent feature, offering GPs flexible, cost-efficient capital while reducing overall facility pricing when paired with revolving credit facilities (RCFs). Their adoption has been driven by institutional capital, which provides deeper liquidity, […]
NLC Capital Partners Welcomes Steve Burton as Managing Director
We are delighted to announce that Steve Burton has joined NLC Capital Partners as Managing Director. Steve is one of the most respected and experienced figures in the fund finance market, with an exceptional track record of building and leading successful businesses across the industry. He spent nearly a decade as Treasurer and Head of […]
NLC Expands Platform with Strategic Credit NAV Initiative as Steve Berry and Roger Fox Join
We are pleased to announce the launch of our dedicated Credit NAV Lending business, further enhancing NLC’s capabilities and reinforcing our position as a leading non-bank capital provider in the fund finance market. This strategic expansion reflects our continued commitment to delivering best in class capital solutions to fund borrowers across the entire fund lifecycle. […]