Speaking at the HKVCA’s Greater China PE Summit, Shirley Ma, senior portfolio manager at APG Asset Management Asia, said the pension giant doesn't support the use of NAV financing in its portfolio.
Division led by industry veterans beats expectations since launch, according to one of the platform’s top executives.
Registrants broke through triple digits at the industry organization’s London event, where the mood was optimistic, though the near-term future is filled with uncertainties.
Lenders are focusing on the sponsor to understand ESG risks, rather than the underlying investments in their portfolio, according to experts.
Trade groups’ document offers ways to address challenges for goals and metrics.
GPs should not assume their investors don't require insight into the capital structure of such facilities, according to panelists at NEXUS 2024.
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 industry group representing private equity LPs is readying guidance for NAV facility reporting, set to be released in April, and faces parsing the SEC’s Private Fund Adviser rules package without input from the regulator while the rules face litigation.
Partners Group Fund Financing Solutions will invest primarily in GP-led and LP-led NAV loans and opportunistic investments, including NAV preferred equity investments.
The end of easy money means the market is differentiating. But that can also bring innovation.