State Street Fund Finance
Custody giant lending capital-call facilities to fund managers.
Fund FinanceProgramGlobal
Target market
Established private-equity and real-money fund managers
Geography
Global
Overview
State Street's Global Credit Finance division provides capital-call (subscription) facilities and other secured fund financing to established private-equity and alternative fund managers, often alongside its core custody and fund-administration relationships. It has been expanding fund lending as part of its broader push into private-markets servicing.
Key facts
- Lending sits within Global Credit Finance division
- Pairs fund finance with custody and fund administration
- Expanding alternatives lending alongside servicing business
- Headquartered in Boston