The case for loans to be underwritten based on both a fund’s portfolio and its LP commitments is getting stronger, say Cadwalader partners Brian Foster, Samantha Hutchinson and Patrick Calves.
NAV financing is now considered a well-established tool for improving fund performance, but finding a trustworthy partner is crucial to success, says Doug Cruikshank, managing partner and founder of Hark Capital.
Accessing fund finance requires specialist support if borrowers want to stay on top of this fast-changing market, says Khizer Ahmed, founder and managing member at Hedgewood Capital Partners.
The failure of three prominent fund finance lenders has turned choppy waters into a full-scale hurricane watch, says Anastasia Kaup, a partner at Fund Finance Partners.