Continuation vehicles across different geography, size and industry of underlying assets have generated similar return multiples.
Luxembourg-based Alter Domus has over $2.5trn assets under administration.
'You cannot get deals if you’re not texting and your competitors are,' FirmScribe CEO says from Private Funds CFO membership forum
'Healthcare markets are a key site' in battle to reshape American society, top trustbuster says.
Nonbinding vote another signpost on Gary Gensler’s long and fraught road to reform
‘We have a duty to ensure that companies speak truthfully,’ SEC's Gurbir Grewal says in speech to Ohio State Law Journal.
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.