NAV financing is not new and has been applied to many asset classes. However, the focus has now turned to NAV financing for private equity buyouts, always secured on a diversified portfolio of performing companies. NAV financing is an incredibly flexible financing tool and can be applied to solve a myriad of liquidity and capital needs at the fund or management company level.
Lending against net asset values, or NAV, is proving a valuable source of liquidity and capital to private equity funds as they near the end of their investment period and move into the harvest period. – Thomas Doyle
Download Why LPs are Warming to NAV Financing – An Interview with Private Debt Investor
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Tom is a Partner at Pemberton, leading the firm’s NAV financing business. He joined in 2022 and prior to this, he was a Partner at 17Capital in London.
NAV Financing Offers Significant Benefits Beyond Dividend Recaps
As NAV Financing continues to gain traction across the private credit industry, it’s becoming a powerful tool for private equity funds to address diverse needs—from fueling growth to supporting portfolio stability.
The rise of NAV financing for private equity buyout funds is drawing the attention of insurance company chief investment officers due to the attractive risk/return characteristics and strong structural credit protection features in a nascent and fast-growing asset class.
NAV Financing: A Hypothetical Performance Analysis The emergence of NAV Financing as an alternative private credit instrument in recent years has been accompanied by an increased investor focus on the potential role this new class of instruments can play within a broader private credit portfolio context. There are several reasons why NAV Financing is an […]
Net Asset Value (NAV) Financing refers to a form of lending that takes the NAV of the assets of a fund as collateral (in other words, lending which is secured against the underlying assets in the fund’s portfolio). Although some LPs might believe that NAV Financing is a new asset class which has only emerged […]
NAV financing is a very flexible fund finance tool that is used to help solve liquidity and capital needs. Pemberton’s solutions can enable the fund and/or its investors to unlock the value created in a fund, which can be re-deployed to support growth initiatives, preserve value or facilitate distributions to investors.
A Guide for Private Equity Stakeholder Engagement Net Asset Value (“NAV”) Financing has been a commonplace activity in banks for decades. The financing of the NAV of fund portfolios has been applied to all manner of liquid and illiquid asset classes for many years, including but not limited to equity funds, credit funds (bond or […]
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