NAV & Preferred Equity

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.

Lenders are focusing on the sponsor to understand ESG risks, rather than the underlying investments in their portfolio, according to experts.

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.

GPs are finding more varied ways to provide liquidity to their LPs, according to Capstone’s latest Liquidity Solutions Survey.

The promoted attorneys are based in the law firm’s Charlotte and London offices.

AB NAV is part of firm’s private credit arm – and its loans will be offered alongside portfolio debt to GPs.

The State of Wisconsin Investment Board and Florida State Board of Administration both expressed unfavorable views on NAV-based instruments on a webinar hosted by PEI.

Investment manager joins its banking sibling in fund finance.