Experience
Richards Layton advises investment managers, lenders, and sponsors on a full range of fund finance matters and navigates the governance issues related to financing transactions. Offering counsel across several practices, our fund finance lawyers collaborate seamlessly with our firm’s LLC & Partnership, Corporate Trust, Structured Finance, and Commercial Transactions practices to provide comprehensive support across every facet of fund finance. Our practice in this area also involves rendering legal opinions under Delaware law covering the various Delaware parties involved, including borrowers, guarantors, and equity commitment providers.
We advise major investment firms, asset managers, and other financial institutions on various fund finance structures, including:
- Subscription and capital call facilities,
- NAV-based facilities,
- Hybrid facilities,
- GP financings (debt and equity),
- Margin lending,
- Rated note feeders,
- Structured finance facilities for single fund borrowers,
- Warehouse and other bridge facilities,
- Syndicated bank facilities for groups of open-end fund borrowers, and
- Secondaries and continuation fund financings.
Attorneys
Related Practices
Publications
Financial Modernization in the First State
Delaware Banker | Summer 2026
In the first half of 2026, the Delaware General Assembly passed a series of bills to begin to modernize Delaware’s financial services industry for the 21st century, based in part on the recommendations of a small task force convened by Governor Matt Meyer to consider ideas for financial innovation. This financial modernization package is comprised of…
Private Equity 2026: USA – Delaware
Chambers and Partners | September 28, 2026
Addressing End-of-Life Issues in Delaware FundsA record amount of private equity capital currently sits in funds that many investors expected to have fully wound up years ago. As of the end of 2025, the net asset value (NAV) of US private equity assets held in funds at least a decade old was USD348.5 billion, about three…
2026 Amendments to Delaware’s LLC and LP Acts
July 22, 2026
Delaware has recently adopted legislation amending the Delaware Limited Liability Company Act (LLC Act) and the Delaware Revised Uniform Limited Partnership Act (LP Act) (jointly, the LLC and LP Acts). The following is a brief summary of some of the more significant amendments that affect Delaware limited liability companies (Delaware LLCs) and Delaware limited partnerships (Delaware…
Delaware Establishes Blockchain and Digital Innovation Task Force
May 12, 2026
Mark Purpura of Richards, Layton & Finger Appointed to Industry Seat The Delaware General Assembly has established the Blockchain and Digital Innovation Task Force, a body charged with examining how Delaware can maintain and enhance its position as a leader in blockchain and digital asset innovation. Senate Concurrent Resolution 143 (SCR 143), sponsored by Senator…
Recent Developments in Delaware Corporate Law
Spring 2026
Helping Clients Navigate the Intricacies of Delaware Corporate Law Richards, Layton & Finger has been defining Delaware law since 1899. Continuing our long tradition of providing insight into the evolution of our state’s influential laws, this publication highlights recent Delaware corporate and alternative entity cases as well as statutory developments in our state. Our corporate and…
Trade Name Registration Changes Further Delayed
May 28, 2025
Legislation providing that modifications to the trade name registration process in Delaware will be further delayed until February 2, 2026 was adopted by the Delaware General Assembly and signed by the Governor of the State of Delaware on May 27, 2025. Effective February 2, 2026, trade names must be registered with the Delaware Division of Revenue…
Proposed Amendments to Delaware’s LLC and Partnership Acts
May 7, 2025
Legislation proposing to amend the Delaware Limited Liability Company Act (LLC Act), the Delaware Revised Uniform Limited Partnership Act (LP Act) and the Delaware Revised Uniform Partnership Act (GP Act) (collectively, the LLC and Partnership Acts) has been introduced to the Delaware General Assembly. The following is a brief summary of some of the more significant…