ILPA's much anticipated guidance for GPs and LPs in respect of NAV-based facilities dropped last week. We summarise the key themes and takeaways in our briefing note below (spoiler alert 🔔 : increased disclosure and transparency is the order of the day)
Last week the Institutional Limited Partners Association (ILPA) issued its much anticipated Guidance for Limited Partners and General Partners in respect of NAV-based facilities. The Guidance focuses on LPs' concerns regarding NAV facilities, and makes a number of recommendations. Please read our full briefing for an overview of the key takeaways from the Guidance, and what we are seeing in the market: https://lnkd.in/ePT2Wf9e Charles Bischoff, Danny Peel, Laura Smith, Jeremy Elmore and Adam Burk #FundFinance #NAVFacilities