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    Subscription Credit

    Subscription Credit Facilities: How PE Funds Borrow to Inflate IRR — and What LPs Must Know
    Private Equity

    Subscription Credit Facilities: How PE Funds Borrow to Inflate IRR — and What LPs Must Know

    Subscription credit facilities delay the clock on LP capital calls, mechanically boosting reported IRR by an average of 6.1 percentage points without adding a dollar of real economic value. With over

    Jeff Barnes, MBA··10 min read