Partner Adam Burk and Senior Counsel Ian Luby have authored a chapter on the securitisation of subscription lines and credit NAVs in the latest edition of Global Legal Insights’ annual fund finance publication. In this chapter, they examine the application of EU and UK securitisation rules to subscription lines and credit fund NAV facilities, outlining key regulatory obligations, emerging market trends, and the implications of recent legal developments for fund finance participants.

Head of Derivatives & Structured Products Jonathan Gilmour, Senior Associate Elinor Samuel and Associate Tom Purkiss have authored a chapter on derivatives at fund level in the latest edition of Global Legal Insights' annual fund finance publication. This chapter highlights some key structuring and legal issues that should be considered by a private capital manager thinking about entering into derivatives transactions at fund level as part of its risk management or investment strategy.

A regular briefing for the alternative asset management industry. 

On 4 December 2025, the Office of Trade Sanctions Implementation (the "OTSI") published its first annual review. Although the OTSI has publicly been relatively quiet since launching in late 2024, given its focus on trade-based restrictions, at a time when there is an increase in international trade controls restricting supply chains and sales channels, now is a good moment to examine its impact to date.

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