The new fund, Tiger Global Private Investment Partners 17 LP, entered into an uncommitted revolving credit agreement with JPMorgan Chase Bank NA on March 25, according to a regulatory filing. The subscription credit line will be backed by capital commitments that investors make to the new fund.

Photo by Waldemar Brandt on Unsplash

Read more

The auction house in February lined up receivables financing through KKR Credit Advisors (US) LLC, according to a regulatory filing. And in January, Neuberger Berman Specialty Finance filed documents outlining a corporate credit facility extended to Sotheby’s financial services unit.

Read more

Read more

Read more

TCG Senior Funding LLC entered into a loan and security agreement with Parabellum Partners IV Leveraged Return LP on February 19, according to a regulatory filing. As collateral, the leveraged return partnership pledged its stake in Parabellum Partners IV LP, the master fund.

Read more

Affiliates of Blue Owl Real Estate Credit Fund LP entered into a subscription credit line with Goldman as of February 12. It’s backed by the capital commitments of investors who signed a limited partnership agreement with the fund last March.

Read more

Barclays Bank Plc is supplying a revolving credit line to Tiger Global Private Investment Partners 16 LP, a venture fund that raised $2.2 billion two years ago, according to regulatory filings and people familiar with the matter. The credit line is backed by the fund’s holdings in closely held companies, some of which are AI related and have rapidly appreciated, albeit in private markets, the past several years.

One possible use for the credit line would be returning cash to PIP 16’s investors without selling portfolio investments that have room to grow, especially if some of these companies go public this year. That might help get these investors to commit more cash for the firm’s next venture fund, Tiger Global Private Investment Partners 17, which is scheduled to complete its first round of fundraising this month.

Read more

But as the growth equity firm readies its next offering, Lead Edge Capital VII LP, there are signs that it now plans to actively court big institutions. It’s a break from the past for founder Mitchell Green, and one that may be needed to ensure his firm’s steady fundraising progress continues, particularly in a jittery market for the tech sector.

Read more

Read more

Standard Chartered is serving as the administrative agent for a credit line backed by Brookfield Middle East’s capital commitments and corresponding capital calls, as well as the right to receive capital contributions, according to a February 2 regulatory filing. Investors provided the capital commitments under an August 2025 limited partnership agreement with Brookfield Middle East.

Read more

Jain Global LLC joined a group of lenders late last year that provide the nuclear power plant unit of Westinghouse Electric Corp. with working capital financing, according to a regulatory filing at the time. It shows how Jain Global is diversifying its investing strategies after raising more than $5 billion in 2024, marking one of the hedge fund industry’s largest recent debuts.

Photo by Sarowar Hussain: https://www.pexels.com/photo/aerial-view-of-rooppur-nuclear-power-plant-bangladesh-33848674/

Read more

The trustees for the Vanguard Primecap Fund voted in November to change the way the fund pays its long-time adviser, Primecap Management Co. of Pasadena, California, according to recent regulatory filings. Going forward, Vanguard Primecap’s bas…

Read more

McKinsey & Co.’s internal money management unit provided a rare peek at its stock portfolio, disclosing bets on some $444 million worth of exchange-traded index funds at year end, mostly in the form of put and call options.

The largest position reported by MIO Partners Inc. consisted of put options on almost 5.6 million shares of the iShares China Large-Cap ETF at the end of December, according to a Form 13F filed yesterday with the US Securities and Exchange Commission. This ETF tracks large Chinese companies whose shares trade in Hong Kong.

Read more

Luxembourg affiliates of the BlackRock Global CRE Debt Fund - C8 LP entered into a financing agreement with Morgan Stanley Bank NA, according to a regulatory filing.

Under a December 2025 agreement with Morgan Stanley, BlackRock Global CRE Investor L SARL is pledging both its equity stake and loans that it makes to a second Luxembourg partnership. The second partnership, BlackRock Global CRE C8 Investment HoldCo MS SARL, was incorporated in December.

Read more

James Fu Bin Lu, the former chairman of Grindr Inc., is backing a new money management firm that will make ``hybrid’’ investments in middle market companies.

Read more

The fund, Addition Five LP, obtained the credit line as of December 10^th, according to a regulatory filing. The lending facility is backed by the capital commitments and capital contributions that Addition Five LP is entitled to receive from investors under a limited partnership agreement that dates back to March 2023.

That same month, Addition Five had also filed a private placement notice to begin raising $1.5 billion from investors. Up until last month, the New York-based firm had yet to publicly disclose any additional information on Addition Five or even include the fund among the private partnerships listed in its registration with the Securities and Exchange Commission.

But the signing of the credit line suggests that Addition Five’s effort to recruit investors is complete or at least moving forward. In general, banks won’t provide a subscription credit line to a fund until it has closed on its first round of money raising and thus has capital commitments in hand to back the financing.

Photo by Brett Sayles

Addition officials didn’t return telephone calls and emails seeking comment.

Read more

Subscription Credit Lines

Read more

That’s when a long-time backer turned into a lender of last resort.

Corbin Capital Partners LP, one of two founding investors at Antara, has made a series of loans to Gulati’s main fund since the second quarter of 2024. In return, Antara has turned over an array of assets to Corbin as collateral, including bank loans, stakes in legal settlements, and even a share of Antara’s management fees.

Only months earlier, Gulati had persuaded investors to let him lock down roughly $500 million of less-liquid assets, including those in his flagship Antara Capital Master Fund. By agreeing to delay their requests to pull money from the fund, investors would give Antara more time to divest these assets, the firm said, thereby avoiding a fire sale and ultimately generating higher returns.

At issue is whether Antara used the assets in this side pocket as the collateral for the loans, and if so, what the firm did with the proceeds from the borrowings. Another question revolves around the terms of the loans, which haven’t been made public. That makes it hard to tell whether Corbin is trying to help Antara work through its dilemma or is getting deals that could generate big profits even if the hedge fund defaults on the debt. Or both.

Read more

Park Square Capital

Funds managed by Park Square Capital, a private credit investor based in London, entered into a revolving credit agreement dated as of December 5 with Bank of America NA, according to a regulatory filing. The credit line is secured in part by the funds’ rights to make capital calls and receive capital contributions.

PSC US Loan Partner…

Read more

JPMorgan Chase & Co. expects to present its asset management business with the ability to participate in direct loans originated by its commercial and investment banking division, bolstering the firm’s overall capacity in the burgeoning private credit sector.

The move, disclosed in a regulatory filing, would provide JPMorgan Asset Management with a pipel…

Read more