STRATEGY
Creative fund finance solutions to support funds across their lifecycles
NAV Loans
I. Growth Opportunities
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Finance acquisitions when dry powder is limited
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Bridge investments between fund closings
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Buy out co-investors or preferred equity
II. Defensive Situations
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Support companies in transition
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Fund working capital needs
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Refinance maturing debt
III. Fund Optimization
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Refinance maturing fund line holdco loans
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Support GP restructurings or continuation funds
Management Company Financing
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Fund increased GP commitments
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Grow platform and invest in personnel
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Warehouse deals for a new fund
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Buy out shareholders
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Bridge to a GP stake
Typical Terms
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Investment Size: $10 - $150 million
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Maturity: 1 - 5 years
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Borrower: Flexible including at a Fund, Portfolio Company, SPV, Management Company, Holding Company, or Continuation Fund
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Covenants: Maximum LTV, Minimum Number of Assets
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Closing: ~ 1 Month
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Geography: US, Canada, and Western Europe
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Amortization: None