What’s driving the rapid growth of this part of the credit market?
Lending directly into private equity funds has taken off since the covid-19 pandemic, providing much-needed flexibility as GPs and LPs navigate more complex and volatile conditions to exit their portfolio companies. In this special report, we look at what is driving the expansion of fund finance and NAV lending, how the area is already seeing its use evolve into a tool for managing funds over longer periods and what regulatory hurdles might lie ahead as the SEC turns its eyes towards fund leverage.
INSIDE THE REPORT
NAV finance: A major value creation tool
A difficult M&A market means private equity funds are holding portfolio companies for longer, but NAV finance could turn this into an opportunity.
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PREVIOUS COVERAGE
Fund finance is a market in flux
Depressed fundraising hits subscription finance, but M&A slump boosts demand for NAV.
The changing shape of fund finance
From a regional banking crisis to regulatory scrutiny, we track five trends set to shape the course of an industry.
Adapting to the new norm
As the regional banking crisis abates, subscription finance settles into rhythm.
The hunt for talent
Could a lack of expertise curtail the growth of the fund finance market?
What democratisation could mean for fund finance
Can retail investors offer sub line lenders the security they require?
The ever-expanding world of NAV
From limited partners to continuation vehicles, the borrower cohort for NAV finance is widening.
NAV finance under scrutiny
As the NAV finance market continues to grow, it is attracting increasing attention – and not all of it positive.
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