Fund Finance

Inside: Navigating the rise of NAV financing; LPAs are slow to address changing fund finance options; Plus expert analysis from Cadwalader, Wickersham & Taft in this special report

Driving change at the leadership level requires a strategic approach to hiring and career development, says Women in Fund Finance global co-head Dee Dee Sklar.

NAV financing provisions have not typically been detailed in fund documentation, but that could change as the market matures.

A portion of the NAV facility will be used to issue distributions back to LPs and is recallable if needed in the future, Private Equity International understands.

LPs that have received recallable distributions via NAV facilities will do well to think carefully about how and when this capital is re-used.

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

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

Structured solutions can provide much-needed liquidity without forcing LPs to crystalise a loss.

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.

Carlyle Group's over €1bn NAV loan for its fifth Europe vehicle is a sign of things to come.