As the regional banking crisis abates, subscription finance settles into rhythm.
Can retail investors offer sub line lenders the security they require?
Could a lack of expertise curtail the growth of the fund finance market?
Axos fund finance team’s head takes on former boss in opportunistic hire.
Trade group calls for LPAC consent in some cases, and for new fund documents to cover usage and limits.
The facility would be intended to support value accretive add-ons rather than to distribute capital to investors.
Teams will fall under joint leadership, with industry vet Jeff Johnston as head.
NAV’s inherent synergies with secondaries means the strategy is gaining significant traction among East Asian LPs.
The private credit manager also opened a new office in Dubai.
Citco report finds only around 15% of NAV loans are used for LP distributions.