United Kingdom: Securitization & Structured Finance

For limited partners, fund finance structures offer a way to achieve liquidity for their fund interests, while for general partners they provide a means to capitalise their funds. In a market characterised by slower exits and tighter bank balance sheets, asset managers and their lenders are increasingly importing structured finance techniques into traditional fund finance products as they search for innovative and scalable solutions.

Tokenisation, stablecoins and institutional decentralised finance are transitioning from niche concepts to central elements of financial market infrastructure discussions. As institutions examine blockchain-based systems for funds, treasury operations, and collateral management, the critical question shifts from theoretical utility to practical implementation—whether new digital infrastructure can deliver the legal certainty, governance standards, and operational resilience that institutional markets

As alternative lenders scale, most will move from corporate facilities and overdrafts on bank standard forms to consider a "specialty finance" facility.