Mar 26, 2025 · There are a few financing products available to a Credit Fund that are based on the value of a single asset (or a few assets) from its loan portfolio, including note-on-note …

Jun 25, 2025 · Back leverage is a type of fund finance that lets fund managers borrow against the value of their existing investments. Instead of relying on uncalled capital from limited partners, …

Aug 9, 2024 · Whilst there is nothing new about lending to private credit managers, the continued growth of the direct lending market has been accompanied by the increased use of back …

In the context of US wind and solar projects, back leverage typically refers to debt financing that is provided by lenders to a holding company that owns a controlling interest in a tax equity …

Oct 21, 2025 · The RED fund approaches financial institutions such as banks (known here as “back leverage providers”) to seek financing to lever their position by taking a loan to partially …

May 9, 2017 · While there continue to be many RETC transactions financed at the project level, there has also been a great increase in the use of “back leverage” or “mezzanine financing,” …

Back-leverage financing in private equity means debt raised at the fund or holding-company level, secured by LP commitments or portfolio company distributions rather than operating assets.

Single Asset “Back Leverage,” HoldCo, PIK and Preferred Loans or capital provided at holdco of a single portfolio company, which gets repaid or gets preferred distributions (after repayment of …

Feb 19, 2025 · In an extensive survey of over one hundred bank and non-bank lenders, the report explores the rapidly evolving landscape of back leverage within the commercial real estate …

Jul 23, 2024 · Back leverage is a mechanic whereby a debt fund lender borrows money from a third-party to finance its loan to a borrower. It is increasingly employed by commercial real …