On 25 July 2024, the Institutional Limited Partners Association ("ILPA") published guidance (the "Guidance") on the use of net asset value ("NAV") facilities. The Guidance specifically applies to private equity funds and does...more
8/9/2024
/ Borrowing Statutes ,
Consent ,
Documentation ,
Institutional Limited Partners Association (ILPA) ,
Investors ,
Lenders ,
LPAC ,
NAV ,
New Guidance ,
Real Estate Market ,
Special Purpose Vehicles
Use of subscription credit facilities by private funds has increased significantly since the last financial crisis. Now, as fund managers grapple with the liquidity challenges presented by COVID-19, there is more attention...more