AT A GLANCE -
The rise of the direct lending market has led to a dramatic rise in supporting liquidity strategies to optimize the market. These strategies include the use of financings to provide market participants with...more
3/11/2025
/ Capital Markets ,
Financial Institutions ,
Financial Services Industry ,
Investment Funds ,
Lenders ,
Liquidity ,
Loans ,
Non-Bank Lenders ,
Private Equity ,
Private Equity Funds ,
Private Funds ,
Securitization ,
Structured Finance
EXECUTIVE SUMMARY -
Net Asset Value ("NAV") credit facilities are lending arrangements underwritten on the borrower’s portfolio of investments, where the amount available for borrowing is based on the value of such...more
Net Asset Value ("NAV") credit facilities are lending arrangements underwritten on the borrower’s portfolio of investments, where the amount available for borrowing is based on the value of such underlying portfolio...more
For loans primarily secured by a cash flow stream, subscription facility lenders heavily depend on collateral accounts as a key element of the security package. In this Legal Update, we delve into why subscription facilities...more