Fund Finance

Greater specialisation will lead to an enhanced toolkit for operators in the market over the next five years, say Kate Sinclair and Katie McMenamin, partners in the fund finance group in Simpson Thacher & Bartlett’s London office.

Devi Aurora, managing director for financial institutions and alternative funds at S&P Global Ratings, provides insights into how the rating agency assesses NAV loans and subscription line facilities.

From limited partners to continuation vehicles, the borrower cohort for NAV finance is widening.

As the regional banking crisis abates, subscription finance settles into rhythm.

As the NAV finance market continues to grow, it is attracting increasing attention – and not all of it positive.

The overwhelming majority of NAV loans are being used to fund M&A and create additional value in portfolios, says 17Capital’s co-founder and managing partner, Pierre-Antoine de Selancy.

New report from rater surveys the key legal features observed in rated transactions.

Fundraising bounced back in Q3 with average fund size continuing to increase, according to the latest PDI Fundraising Report.