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NAV & Preferred Equity

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.
Non-bank lenders are becoming more prominent as banks retrench.
Opinions are divided on exactly what the recent rate spike means for NAV financing.
With banks constrained by market uncertainty, sub lines are taking longer to negotiate.
NAV solutions are being offered to LPs facing liquidity issues.
Projected volumes vary wildly, but there’s little doubt that the market is growing.
LPs are generally receptive provided the loans aren’t just an attempt to add leverage.
Climbing interest rates and a reduction in credit elsewhere are spurring demand for NAV loans.
A person climbing steps, depicted with wooden blocks
New origination head moves to Sydney to fill position previously held by Steven Mansy.
An illustration of a handshake
Industry veteran Dee Dee Sklar will help the secondaries GP with its credit arm.
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