Fund Finance

The firm joins an increasingly crowded NAV financing market, with Partners Group and Pemberton Asset Management among those to have also entered the fray in recent years.

Gregory Hardiman, who previously co-led 17Capital's US investment efforts, has been named managing director and head of GP-LP solutions at Crescent Capital.

The departure comes six months after the firm said it was opening in the UAE to deepen its push into the Gulf region.

Law firm lands seasoned attorney amid growing demand for fund debt.

The Carlyle unit is also in market with its flagship secondaries programme and a dedicated single-asset-focused fund.

The inclusion of adjacent strategies such as GP stakes and portfolio financing in volume reports shows how what matters to secondaries market participants is evolving.

Trade group calls for LPAC consent in some cases, and for new fund documents to cover usage and limits.

Max Barnes joined Rede Partners in 2021 from Abrdn and was included in Secondaries Investor's Next Gen Leaders of Secondaries list last year.

Such alternatives could be better options than selling fund stakes if LPs must take massive discounts, according to the $251bn pension's senior investment officer John Bradley.

The NAV-lending specialist has also opened an office in Dubai, bringing its global bureau count to three.