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Three managing directors in London were made partners during a growth period in the NAV financing market.
The firm, which has raised €2.6bn for its debut lending fund, estimates the size of this market could grow to $700bn by the end of this decade.
The proliferation of NAV-based lending makes it possible for closed-end funds to transition away from bank credit lines for their currency hedging needs. Mark Battistoni of HedgeNAV LLC explains.
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The firm’s first credit fund comfortably beat its €1.5bn target to lend to private equity managers seeking growth or LP liquidity.
Large insurance firm takes minority investment in London-headquartered pref equity and debt provider that is seeing new kinds of demand for its financing
Two of the most well known figures in fund finance are leaving their respective institutions to start a new venture.
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Oaktree's parent company, Brookfield, has opened another front in its expansion strategy, having entered the real estate and infrastructure secondaries markets beginning in 2020.
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