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Bank capacity is under pressure as demand for capital call lines grows, but investors are stepping in, say Investec’s Jonathan Harvey and Neno Raic.
But investors express concern over shifting terms, with a significant minority worried about the extent to which GPs are using credit lines.
ESG-linked innovation is continuing to emerge in the fund finance market, say Debevoise & Plimpton partners Thomas Smith and Pierre Maugüé.
As emerging markets GPs continue to seek ways to address reduced liquidity and a challenging fundraising environment, law firm Akin Gump asks if NAV facilities could be part of the answer.
Alicia Gregory, head of private equity at the Australian SWF, says investors could be left overexposed if less creditworthy LPs default on capital calls.
A company subject to a secondaries transaction could have at least five layers of leverage. We investigate how coronavirus has tested these layers.
NAV financing can provide defensive liquidity and the funds required for buying opportunities in the wake of covid-19, say Investec’s Tom Glover and Matt Hansford
OakNorth Bank has completed a revolving credit line with Bluegem Capital Partners, marking the lender's entry to the private equity fund finance market.
The London-based lender is working alongside a 'significant' American institutional investor, PEI understands.
The latest guidance from the LP body encourages GPs to disclose net IRR with and without the use of such facilities, in addition to the methodology used to reach that figure.