First Republic Bank this week published the first of a three-part, high-level primer on capital call credit facilities, written by Managing Director Alex Bolton. Part 1 provides an overview, covering topics such as what is a facility, when and why private equity funds may seek to put a facility in place, and key terms for a facility, including borrowing availability under a facility. Part 2 will provide a look at structuring considerations and facility uses, and Part 3 will examine fund structures and documentation considerations.
