Fund Finance

Proskauer on a feast of opportunities in private credit

Innovations in the private credit market that allow borrowers to achieve high levels of flexibility in their loans represent the next stage of the industry’s evolution, say Proskauer’s Philip Bowden and Alex Griffith, and Ares Management’s Michael Dennis.

The peculiar – yet familiar – world of private margin loans

The instruments bear similarities to NAV loans and dividend recapitalisations and are increasingly intriguing to LPs.

Pemberton secures $1.7bn for first NAV finance fund

The credit manager said economic conditions were causing private equity managers to seek additional funding for their portfolios.

Temasek unit and Nexus take equity stakes in Post Advisory Group

The deal, expected to close this year, will bring new capital to the CLO platform as Principal and Nippon exit.

Barings on the many sub-asset classes within fund finance

Generating alpha and being able to quickly put capital to work are key advantages of fund finance, says Matt Hansford, European head of Barings Portfolio Finance.

Alpha Fund Finance on why new capital sources demand lender flexibility

Lenders are responding to an increase in non-institutional investors and semi-liquid vehicles, while GP borrowers are opening up to new sources of fund finance, say Edward Beecham and Megan Livingstone of Alpha Fund Finance.

Davis Polk & Wardwell: Supply, demand and creativity drive fund finance innovation

An expanding borrower universe and new entrants on the lending side are driving innovation in fund finance, according to Meyer Dworkin, head of fund finance and structured credit; David Kennedy, partner; and Kwesi Larbi-Siaw, counsel at Davis Polk & Wardwell.

NAV finance: A major value creation tool

A difficult M&A market means private equity funds are holding portfolio companies for longer, but NAV finance could turn this into an opportunity.

NAV loans are the next frontier of private credit’s growth

Net asset value lending has evolved to require more disclosures and alignment with investors.

Arcmont on the growing appeal of NAV for borrowers

GPs are turning towards NAV financing as the market demands more flexible solutions and offers diversification for investors, says Arcmont’s head of NAV Financing, Peter Hutton.