LOADLINE

Proposed program · Illustrative terms

How Loadline works

Loans against eligible private-market holdings, offered through fund sponsors and wealth platforms.

How the program works

LOADLINE is developing infrastructure that lets fund sponsors and wealth platforms offer loans against eligible private-market fund interests. Third-party capital providers fund the loans.

Investors access cash while retaining investment exposure and pledging their holding. Platforms retain the investor relationship. Lenders receive a standardized credit file, ongoing reporting, and agreed distribution controls.

The initial program would start with one sponsor’s fund family. Maintained fund diligence, permissions and reporting could support additional borrower applications, each subject to lender approval.

Who makes it work

Approvals and reporting Dashed boxes
SponsorFund eligibility and pledge consent
→
LOADLINEApplications, credit files and monitoring
→
LenderFinal credit decision and terms

Administrator → LOADLINE: ownership, dated NAV, distributions and commitments.
Investor → LOADLINE: application and supporting documents.

Money movements Solid boxes
LenderReleases approved proceeds
→
Bank arrangementsAgreed funding accounts
→
InvestorReceives the loan
Fund distributionsPlus borrower payments
→
Controlled accountServicer applies the agreed waterfall
→
Amounts dueInterest, fees and principal
Proposed arrangement. LOADLINE coordinates the program; funds move through appointed banks. Third-party capital would support the lender or loan-holding SPV through warehouse financing or loan purchases. Final roles and payment priority depend on signed agreements.

See the detailed workflow and proposed flywheel →

Common questions

Who is the pilot for?

We are seeking fund sponsors, wealth platforms, funding partners and cooperating administrators for a limited program serving taxable investors in approved funds. Retirement accounts, including IRAs, are outside the initial scope. No participating funds or funding commitments are announced.

Would a sponsor need to fund the loans?

The proposed model uses third-party funding. A sponsor would support fund eligibility, consents and reporting. Any guarantees, reserves or first-loss commitments would need to be explicitly negotiated before launch.

How much could an investor borrow, and at what cost?

Illustrative starting terms are $250,000 to $2 million at approximately 20–30% initial LTV, subject to a haircut-adjusted borrowing base. Proposed interest is SOFR plus 6–9 percentage points, with a 1% origination fee and 1% annual servicing fee. These are not available offers. See pricing and the cost example.

What happens if the investment loses value?

A borrowing-base shortfall would stop new draws and trigger the agreed cure process. The borrower may need to repay cash or provide approved collateral. Uncured defaults may lead to enforcement; private fund interests can be difficult to sell. See a worked example.

What would a platform need to integrate?

The pilot would begin with document collection, validated administrator files and manual review. Reporting requirements, responsibilities and payment controls must be agreed with the lender before funding. Read the operating details.

How do we discuss a pilot?

Email [email protected] with your organization, role and the fund or investor segment you have in mind. Please do not send identity documents or confidential investor records by email.

LOADLINE is developing this program. Funding partners and final terms are not committed. This guide is not an offer of credit.