Fund Finance

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.

Certain individuals will get ratings in a change that comes amid GPs’ democratization push.

Five charts from Haynes Boone’s first-ever fund finance report.

Speaking at the HKVCA’s Asia Private Equity Forum on Friday, Eric Mason, head of PE at the Church Pension Fund, told delegates that using NAV facilities to create distributions increased financial risk.