What the NAV lending data tells us...
NAV financing allows a GP to borrow against assets held in its funds, typically to fund add-on acquisitions, refinance existing debt or – more controversially – fund distributions to LPs.
Meanwhile, NAV lender 17Capital says that of existing NAV loans, around 89% have been used for “money-in” purposes, such as growth capital or add-on acquisitions, while only 11% have been used for “money-out” purposes, such as funding distributions.
Read the full insights piece here: https://lnkd.in/eQSw_6iP
#NAVlending #privatecredit #privateequity #NAVLoans
Benefits Strategist/People Connector/ Veteran Advocate
7moThanks for the reminder... we need to plan lunch. It's been too long my friend.