Tom Auchterlonie

'There has been some bad behaviour that has caused some of these frustrations,' he said.

Trade groups’ document offers ways to address challenges for goals and metrics.

A significant change to the market will be entertained by the US’s regulatory body for the insurance industry on 16 March.

ILPA representative cites transparency and uses as issues at the Fund Finance Association’s Global Symposium in Miami. But the growing market for NAV loans has its staunch defenders, who often point to the fact that most of the facilities are used for value-additive, late-stage acquisitions.

The firm has been hiring big names in NAV since early last year.

Large regional bank will share further details of the deal on its third-quarter earnings call.

Firm now offers features ranging from legal document reviews to disbursements.

The mega-sponsor is planning originations in the coming months, primarily in the buyouts space.

The ratings agency's report finds distributions for notes backed by fund stakes fell due to decline in deals.

The portfolio of 201 loans has an unpaid principal balance of around $18.5bn.