A strong start for Fund Finance at EverBank

Bar graph of Fund Finance portfolio growth over time

Our job is to bring you solutions that go beyond the expected. In just over our first six months as a Fund Finance team at EverBank, we have closed 28 transactions with 21 distinct sponsors, representing $2.0 billion in loan commitments and $1.3 billion in outstandings. We started last fall with subscription facility participations to validate our operational capabilities, but have now meaningfully expanded our offerings in furtherance of our long-term strategy to become a leading provider of bespoke financing solutions for the greater private capital industry.

Of our 28 closed transactions, five are true NAV deals, spread across multiple underlying asset classes including secondaries, buyout and alternative private credit. We have closed four customized hybrid transactions, including a structure in the end of fund life context combining available recallable capital and a healthy portfolio. We have closed several unique bilateral subscription facilities, including in the single asset continuation fund context where the investor base consisted disproportionately of secondaries funds. We have also provided a first out, back leverage credit facility to an elite private credit fund, supporting one of the private credit fund’s NAV facilities. Our portfolio includes a healthy mix of subscription facilities, and we have closed multiple all high net worth investor pool transactions. 11 of our closed transactions are bilateral; the rest are participations with many of the market’s most experienced leads.