Pemberton’s NAV Financing strategy provides financing against the underlying value of private equity funds’ performing investment portfolios, primarily in the form of senior secured loans. Our solutions allow the private equity ecosystem to unlock value created in funds post their investment period, which can be used to maximise their return targets.
Our strategy addresses the needs of a large and growing market expected to exceed US$700bn by 2030, which is underserved by banks and a small number of niche providers1.
Pemberton is well placed to address this need, given our sole focus on credit (no competing equity interests), deep private equity sector expertise and extensive private equity relationships. We aim to deepen our position as a core financing partner to the private equity community.
1 Based on Pemberton’s understanding of the NAV Financing competitive landscape.
We’re seeing a major shift in the market: CVs now make up 16% of sponsor exits, yet >85% of LPs aren’t rolling their stakes, leaving significant potential upside on the table. The time has come to reconsider how NAV loans can deliver liquidity, protect fund metrics, and ensure LPs retain 100% of the upside in […]
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 […]
Partner, Head of NAV Financing & GP Solutions
Managing Director, Portfolio Management, NAV Financing & GP Solutions
Partner, Head of NAV Financing & GP Solutions Origination, Europe
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