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Temasek launched its first collateralised fund obligation in 2006. Two decades on, the technology continues to grab the interest of new and repeat institutions.
Agency publishes criteria for NAVs backed by LP secondaries interests, with plans to rate other NAV types down the road.
More transactions are using a delayed payment structure in a bid to bridge mismatches in pricing expectations.
Public pensions drove the LP-led market in H1, as allocation pressures led them to sell despite worsening price dislocation, Campbell Lutyens found.
With the launch of S3, Apollo becomes 'much more of a one-stop relationship' for GPs, co-president Scott Kleinman tells Secondaries Investor.
What was an exception is now mainstream, with buyers using leverage as bridging finance and to boost returns, according to Investec.
Claire Hedley most recently led GSAMโs ESG client strategy group in London and was responsible for the asset managerโs client facing and commercial ESG efforts across EMEA.
From lendersโ due diligence basics to new processes resulting from increased caution among some lenders, we outline what you should expect when taking out a NAV loan.
The preferred equity and NAV lending specialist agreed to be acquired by Oaktree in March and closed its debut fund dedicated to NAV-backed lending in April.
NAV loans have seen a significant increase in popularity among managers, and some are looking to make it easier to take them out.










