NAV & Preferred Equity

The alternatives giant took out the facility against about 20 portfolio assets in its 2018-vintage Carlyle Europe Partners V fund, affiliate title Private Equity International has learned.

NAV lender boosts US and European vets amid increased demand.

Creator of the survey says the novel practice of back-levering deals with NAV has already spread to even the lower mid-market.

The fall of three major lenders to private equity GP borrowers across the AUM spectrum means sub lines may be harder to get for some – perhaps even impossible. But the market has already begun adapting with new solutions.

A confluence of market events are fueling growth in the demand for NAV and hybrid facilities, write Leon Stephenson and Bronwen Jones from law firm Reed Smith.

The market is seeing an acceleration in evolution since other sources of capital have dried up or become more expensive

The new head of Canada and LatAm investor relations joins as the NAV market continues to boom.

Credit and LP-led secondaries are also on the firm's list of areas set to see big growth this year.

The loans represent small portions of activity for the GP-led vehicles, but they can be used for certain funding and buyer needs.

Insurance companies are stepping in to fill a supply gap in fund finance, and one of the insurance worlds’ first movers in the market is looking to expand its fingerprint.