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Takeaways from ILPA’s NAV Loan Guidance

The differing waiver rules governing the fragile attorney-client privilege and the robust work product doctrine protection predictably create stark differences when family members communicate with each other. This type of...more

NAV Loans in Private Funds: Considerations for Managers and Investors

Loans to private investment funds based on the net asset value of their respective portfolio investments (that is, total assets of such a fund less its liabilities) have become dramatically more popular in recent years, as...more

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