Haynes Boone recently released its annual report for the fund finance industry, offering trends and insights on pricing, structures, and facilities, along with predictions for the remainder of 2026. One of the biggest questions regarding the private fund finance market is the size of the market, and the Haynes Boone survey results indicate a fund finance market that participants believe to be between $1.25 trillion and $1.75 trillion, with another 16 percent placing it even higher. In addition, more than 82 percent of the respondents believe subscription facilities remain the backbone of the industry, representing more than two-thirds of the global fund finance market.
Following are more insights from the report.
Subscription lines — an evolving foundation
For all the attention paid to other fund finance technologies and products, subscription line facilities remain the undisputed foundation of fund finance. In 2025, 94 percent of survey parti
