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
In the middle of 2023, we conducted an informal, small-scale survey to gather insights from prominent non-bank lenders on their activity in the net asset value (NAV) lending market for the first half of 2023. We have expanded...more