Private debt

A stipulation that capital distributed to LPs via NAV facilities can be recalled is creating headaches for some investors.

Forward-thinking managers can safeguard their investments by keeping abreast of emerging risk.

Credit agreements with borrowers remain ‘attractive and consistent’ in the second half of 2023, according to Packer.

Liquidity constraints are behind a great deal of innovation in the debt finance market, says Tim Toska, global sector head for private equity at Alter Domus.

The financing tool is increasingly being used as a private debt product.

Asian healthcare specialist CBC Group believes specialised debt funds focused on pharma products can be complementary to equity investments.

A disconnect exists between GPs and LPs on the use of financing tools such as NAV loans and continuation funds.

Managing directors Steve Poon and Ming-Hau Lee, who both specialised in China special situations, left the firm in September to explore new opportunities, PEI has learned.

The newly launched Hong Kong-headquartered multifamily office spies opportunities in secondaries and private credit as it looks to mitigate the J-curve.

Experts across private markets share their thoughts on how lending is adapting to changing conditions and why NAV financing is increasingly seen as a key area for expansion.