Leverage

While lenders and buyers have both grown more accepting of leverage use in continuation funds, divisions remain over when and how these tools should be used.

Secondaries buyers are increasingly asking advisers to source fund financing for CVs to optimise returns, according to a speaker at the European Fund Finance Symposium.

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 GSAM’s ESG client strategy group in London and was responsible for the asset manager’s client facing and commercial ESG efforts across EMEA.

From lenders’ 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.