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An illustration of a businessman standing in front of a growth chart
The bank has leapt over hurdles to make a product that could reshape the fund finance industry.
Affiliate title Private Funds CFO wants to know who should be included in its New Faces of Finance, celebrating the achievements of finance professionals working across the private markets.
Businessman swings on a wrecking ball with Dollar symbol engraved on it
NAV loans for LP distributions were a hot topic – some might say even a spicy one – at an industry gathering in Paris this week.
Asia map
NAV’s inherent synergies with secondaries means the strategy is gaining significant traction among East Asian LPs.
‘It can be a driver of potential fees,’ Dan Faigus tells packed room at Private Funds CFO event.
Two ropes tied together with a carabiner
Partners Group Fund Financing Solutions will invest primarily in GP-led and LP-led NAV loans and opportunistic investments, including NAV preferred equity investments.
Ropes indicating lines of credit
Sub line margins rose 17% last year as fund financing becomes more lender-friendly, according to Haynes & Boone’s Fund Finance Annual Report 2023.
Kent Chen, Neuberger Berman; Eric Mason, Church Pension Fund; Samson Wong, HKMA on stage at the HKVCA Forum 2024
Speaking at the HKVCA’s Asia Private Equity Forum on Friday, Eric Mason, head of PE at the Church Pension Fund, told delegates that using NAV facilities to create distributions increased financial risk.
A pair of interlocking gears on a $100 bill with the portrait of Benjamin Franklin peering out
A Capstone survey has found that more than half of LPs consider NAV financing and preferred equity a ‘poor’ way to generate liquidity.
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