Fund Finance

A run on redemptions in the private credit world has highlighted the importance of diligencing gating mechanisms in fund finance facilities.

The growth of securitised products is attracting more investors into the space.

The latest market study from Haynes Boone also shows that LPs are now less concerned about GPs using NAV loans.

Welcome to our new-look magazine. In this issue we put the spotlight on innovation with three forces reshaping fund finance; take a deep dive into fund finance and NAV lending; examine the state of the CLO market; and much more…

Private equity chief financial officers are getting to grips with the power of NAV financing and GP solutions, says Peter Hutton, head of NAV financing at Arcmont Asset Management.

Fund finance’s liquidity toolkit is broader than ever – and the market is only getting more creative, say Adam Summers, co-head of fund finance, and Jons Lehmann, head of European finance, at Fried Frank.

Hark Capital founder and managing partner Doug Cruikshank explains why understanding valuation resilience, sponsor incentives and the risks beneath headline numbers are critical to protecting credit value

KBRA’s Thomas Speller discusses changing demand, why spreads continue to tighten despite market volatility and what ratings data reveals about the resilience of the asset class.

Edward Beecham and Megan Livingstone, co-heads of fund finance at Corpay Private Markets, examine various key sources of demand.