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Pick a company. Write your memo. Get graded.
A $240M loan to a 2019 buyout fund against its $1.7bn portfolio. Low loan-to-value, but half the money goes straight out to investors, marks haven't moved while public peers fell, and the lender sits behind every portfolio company's own debt.
Fund financeTeaching case~90 min
A capital-call line to the PNC–TCW BDC that had only $15.0M of availability left at Jun 30, 2026. The fund wants a bigger, longer line. Can the investor base support it, and what happens when one investor stops funding?
Fund financeFrom SEC filings~90 min