Newsletter: Impact of Credit Lines on IRR

Over the past few months we have witnessed a brewing debate amongst investors/Limited Partners (LPs) on the use of subscription lines of credit (at the fund level), also referred to as ‘drawdown/capital call facilities’, 'bridge financing’, ‘bridge facilities’, ‘subscription lines’ and a number of other variations along these lines.

In the latest newsletter, we review the impact on and appropriateness of the IRR as a performance metric in the context of using credit facilities.

Read it here.