NLC makes foray into private credit NAV lending

The non-bank lender will build on its sub-lines approach in entering a mature market.

NLC is expanding into NAV lending to private credit funds, aiming to offer investors exposure to the asset class.

The UK-based, non-bank fund finance lender is marking its foray with a pair of recent hires from Macquarie Asset Management: Steve Berry, who joined NLC as a managing director, and Roger Fox, who came on board as a director.