Capital Call Facilities

10 Pages Posted: 28 Jun 2024

See all articles by James F. Albertus

James F. Albertus

Carnegie Mellon University - David A. Tepper School of Business

Matthew Denes

Carnegie Mellon University - Tepper School of Business

Yingxiang Li

City University of Hong Kong (CityU)

Date Written: June 26, 2024

Abstract

Capital call facilities (CCFs) have been growing substantially since 2015. This article provides institutional details, compares CCFs with other forms of debt financing in PE markets, demonstrates how CCFs affect PE fund cash flows, and reviews the extant literature.

Keywords: Subscription lines of credit, subscription line facilities, subscription lines, subscription credit facilities, sublines, capital commitment facilities

Suggested Citation

Albertus, James F. and Denes, Matthew and Li, Yingxiang, Capital Call Facilities (June 26, 2024). Available at SSRN: https://ssrn.com/abstract=4877542 or http://dx.doi.org/10.2139/ssrn.4877542

James F. Albertus (Contact Author)

Carnegie Mellon University - David A. Tepper School of Business ( email )

5000 Forbes Avenue
Pittsburgh, PA 15213-3890
United States

Matthew Denes

Carnegie Mellon University - Tepper School of Business ( email )

5000 Forbes Avenue
Pittsburgh, PA 15213-3890
United States

HOME PAGE: http://sites.google.com/site/matthewdenes

Yingxiang Li

City University of Hong Kong (CityU) ( email )

Lau Ming Wai Academic Building
83 Tat Chee Avenue
Kowloon
Hong Kong

HOME PAGE: http://www.yingxiang-li.com

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