Fund Finance

Florida SBA: NAV loans, securitisations could be more attractive than secondaries

Such alternatives could be better options than selling fund stakes if LPs must take massive discounts, according to the $251bn pension’s senior investment officer John Bradley.

17Capital promotes three in its North American investments team

The NAV-lending specialist has also opened an office in Dubai, bringing its global bureau count to three.

NAV loans discussions come to the fore

Fund finance is no stranger to the secondaries market, and recent developments suggest participants should keep an eye on how this market evolves.

Investec re-enters US fund finance market

The bank will focus on capital call lines and GP financing for mid-market funds with the hire of Olivia Deroy who had worked at First Republic.

Goldman survey: continuation funds, NAV loans potentially disruptive to LP/GP relationship

A disconnect exists in the industry between GPs who view continuation funds as a desirable way to hold certain assets beyond the limits of a traditional private equity fund, and LPs who generally would prefer a regular exit.

Is NAV financing a valid alternative to a secondaries sale?

The financing tool sidesteps the bid-ask spread – an issue that can sometimes put potential secondaries sales on ice.

Coller hires Women in Fund Finance co-chair as senior adviser

Industry veteran Dee Dee Sklar will help the firm with its credit arm.

Predicting the next decade: The rise of NAV lending

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

Ex-Tradition secondaries head moves to fund finance at liquidity shop

Dan Nolan joins Warana Capital as head of origination for a recently closed fund that will provide loans and issue preferred equity within the alternatives industry.

Secondaries market sees sizeable fund finance transactions amid liquidity crunch – PJT

There were multiple $1bn-plus fund finance transactions in the market in the first quarter with at least 30 new entrants to the market, according to a report from PJT Park Hill.