Last Friday PE HUB Wire sent an email to its readership about subscription facilities, reporting on a GP that is offering LPs an option to opt out of participating in a vehicle with a subscription facility. The article asks for leads about GPs structuring this type of offering. The article also gives a purported example of a 500 basis point IRR enhancement driven by facility use, an amount far in excess of what we have seen in prior data analytics around the issue. A copy of the email is available here.