Hark Capital, through its managed funds, today announced the closing of a $50 million NAV facility with Pharos IV-A, L.P., a middle-market private equity fund focused on healthcare companies that aim to improve the patient experience of care, increase access to care within underserved communities, and reduce the total cost of healthcare.

A rebound in portfolio company performance and stabilizing valuations in Q2 2025 drove renewed NAV lending activity, as sponsors sought capital for follow-ons and liquidity events amid gradually improving market confidence.

Fusion Connect, a proven leader in cloud communications services, announces that the company has entered into a new NAV-based loan agreement with Hark Capital, providing Fusion Connect with a term loan of $85 million.

Challenging market conditions in Q1 2025 have increased reliance on NAV lending for growth and stabilization as sponsors face tariff impacts, higher input costs, and tightening capital availability.

In a cash constrained environment, NAV lending is increasingly proving itself as a vital component of fund performance, argues Doug Cruikshank, managing partner and founder of Hark Capita

Despite dry powder exceeding $1T, a decline as a percentage of AUM and projected future losses highlight the rising need for NAV facilities to support and defend portfolio company value.

Private equity exits in 2024 hit their lowest in over a decade, driving demand for NAV lending as sponsors navigate a market with fewer exits and limited liquidity options.

Doug Cruikshank joins Giovanni Amodeo in an ION Influencers Fireside Chat on alternative financing strategies.

Doug Cruikshank discusses how NAV loans provide cost-effective solutions to sponsor portfolios.

Hark Capital announces the close of its fourth fund with $645 million in capital commitments.

Middle Market Growth explores how LPs are increasing demands for capital returns from GPs.

Doug Cruikshank shares why NAV loans are needed now more than ever in Bloomberg.

Doug Cruikshank, managing partner and founder of Hark Capital, discusses how NAV loans are helping private equity firms unlock liquidity, manage longer holding periods, and support portfolio growth in today’s evolving market.

At a time of decreased deal flow and mismatched valuation expectations, investors are using creative tools to provide capital to companies or extend the life of their funds.

At a time of decreased deal flow and mismatched valuation expectations, investors are using creative tools to provide capital to companies or extend the life of their funds

Private Funds CFO reports on GPs using credit to navigate slower exits.

Brickfield publishes its 2022 compensation report for fund finance bankers, sponsored by Hark Capital.

Private Equity International discusses how preferred equity answered liquidity needs during COVID disruptions.

P10 announces the addition of Hark Capital and Bonaccord Capital Partners to its platform.

A relatively new form of financing faces its moment of truth. As banks retreat from lending amid unprecedented economic chaos, a handful of ‘concentrated NAV lenders’ may be seeing a new phase in the evolution of their young market.

Private Funds CFO questions whether alternative lenders can fully address market gaps during volatility.

Doug Cruikshank shares perspectives on fund finance at the CFOs & COOs Forum.

Middle Market Growth features Doug Cruikshank

Doug Cruikshank shares insights on differentiated lending in the lower middle market.

Buyouts Insider interviews Doug Cruikshank on Hark Capital’s strategy and market outlook.

The Wall Street Journal reports on Aberdeen Standard’s debt push post-merger, mentioning Hark Capital.

Hark Capital, through its managed funds, has announced the closing of a $65 million financing arrangement with portfolio companies managed by WM Partners, a middle-market private equity sponsor focused on buyout investments in the health and wellness sector

Doug Cruikshank discusses with Private Funds CFO how "NAV loans, used appropriately and with proper disclosure, provide creative, cost-effective solutions to sponsor portfolios."