Subscription and NAV finance

SMBC Group is a global leader in arranging fund financing to private equity funds.


SMBC Group has been arranging subscription financing for private equity funds and asset manager clients since 1999. Over the last five years, we have originated and arranged over US$40bn in transactions globally.

SMBC Group has recently established dedicated teams and lending capacity in London and Hong Kong to meet the growth in fund raising of private capital across the EMEA and Asia-Pacific regions respectively.

We apply a client-led, multi-product approach, working closely with other product partners within the bank to deliver bespoke fund financing solutions, including developing capabilities in net asset value-based and hybrid fund financing.

Asset types

  • Subscription secured credit facilities
  • Revolving credit facilities
  • Sustainable-linked facilities
  • Term loans
  • Foreign exchange and interest rate hedging
  • Net asset value (NAV)