NAV lending market updates; Fees and Expenses survey extended

Update on the NAV lending market in our June cover story; Fees and Expenses survey deadline extended; Proskauer’s full GP-led liquidity guide.

June issue: This month’s issue, now available on the site, features an updated version of our deep dive into alternative fund financing. In it, I cover some notable developments in the NAV lending market in May (see the section titled “New faces come knocking”), including a shift lenders are seeing in dealflow to higher-quality deals and new kinds of potential borrowers seeking NAV-based financing. I also catch up with lenders Silicon Valley Bank and Origami Capital Partners.

Fees and Expenses survey: The deadline for our biennial Fees and Expenses benchmarking survey has been extended to June 5th. If you work in the finance function of a private fund manager, we’d love to have your confidential input. The survey should take approximately 20 minutes and asks questions about deal related fees, management fees, SEC and regulatory exam fees and co-investments. Click on the link above for more details and to take the survey

GP-led guide: Last week, we drip fed you portions of Proskauer’s guide to GP-led liquidity solutions, the full version of which you can now find here, along with some other recent publications from the firm. In it, you’ll find the tables we provided last week, along with further considerations regarding the solutions and tips for planning against future uncertainties.

Email prepared by Graham Bippart