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Pile of paper US dollars, from Getty Images.

Sub line start-up builds bridge from Europe to US

Subscription Credit Lines
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Marketplace company Bridge launched in the UK and Europe this past fall.
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Majority of LPs require further education on NAV financing – Capstone survey

NAV & Preferred Equity
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GPs are finding more varied ways to provide liquidity to their LPs, according to Capstone’s latest Liquidity Solutions Survey.
A person climbing steps, depicted with wooden blocks

Cadwalader starts 2024 with quartet of fund finance promotions

People Moves
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The promoted attorneys are based in the law firm’s Charlotte and London offices.
Blocks making up the acronym for net asset value, or NAV.

AllianceBernstein’s NAV lending arm hires pair of vets, gets parent investment

NAV & Preferred Equity
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AB NAV is part of firm’s private credit arm – and its loans will be offered alongside portfolio debt to GPs.
Rendering of a stack of bank notes surrounded by floating coins.

NAV loans attract skepticism from LPs amid growing transparency concerns

NAV & Preferred Equity
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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.
Illustration of an arrow made up of blue dollar signs, with a hand removing a single red dollar sign

Moody’s lays groundwork for sub line ratings

Subscription Credit Lines
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Firm publishes a draft methodology with weights on LP base and managers.
Net asset value (NAV) value of an entity's assets minus the value of its liabilities concept, cube wooden block with alphabet combine the word NAV on black chalkboard background

Macquarie Asset Management eyes direct lending GPs in NAV lending foray

NAV & Preferred Equity
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Investment manager joins its banking sibling in fund finance.
Capital being returned via a magnet

Recallable NAV loans: The ‘zero-sum game’ leaving LPs in a bind

NAV & Preferred Equity
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A stipulation that capital distributed to LPs via NAV facilities can be recalled is creating headaches for some investors.
A puzzle made up of the grey silhouettes of businesspeople. A hand is placing the final puzzle piece, which has a blue silhouette

NLC bolsters senior ranks with hires from AIG and Dutch pension

People Moves
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Fund finance specialist adds a partner and an investor relations director.

Investec re-enters US fund finance market

People Moves
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The bank will focus on capital call lines and GP financing for mid-market funds
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