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NAV & Preferred Equity

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.
An arrow made of water coming out of a pool of water
GPs are finding more varied ways to provide liquidity to their LPs, according to Capstone’s latest Liquidity Solutions Survey.
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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.
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.
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.
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
Investment manager joins its banking sibling in fund finance.
Capital being returned via a magnet
A stipulation that capital distributed to LPs via NAV facilities can be recalled is creating headaches for some investors.
A disconnect exists in the industry between GPs who view continuation funds as a desirable way to hold certain assets beyond the limits of a traditional private equity fund, and LPs who generally would prefer a regular exit.
Blocks making up the acronym for net asset value, or NAV.
The mega-sponsor is planning originations in the coming months, primarily in the buyouts space.
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