
Where the subscription line market is, where it is headed, and what I am up to.

Called Capital is written by, me, Matt Wilbur. I spent 6 years in fund finance structuring and underwriting subscription line facilities for private equity funds, before leaving in August 2026 to work on the market's next chapter.
My goal is to lead innovation within the space, because a trillion-dollar market shouldn't run on bilateral pricing and conference-bar rumors. It's an independent, opinionated newsletter written for the people inside the market: GPs, lenders, lawyers, and the institutional allocators.
Targeting a 4-min read, once a month, updating on my progress, what I am seeing, and overall market intel.