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STRATEGY

Creative fund finance solutions to support funds across their lifecycles

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NAV Loans

I. Growth Opportunities

  • Finance acquisitions when dry powder is limited 

  • Bridge investments between fund closings

  • Buy out co-investors or preferred equity

II. Defensive Situations

  • Support companies in transition 

  • Fund working capital needs

  • Refinance maturing debt

III. Fund Optimization

  • Refinance maturing fund line holdco loans

  • Support GP restructurings or continuation funds

  • Increase DPI

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Management Company Financing

  • Fund increased GP commitments

  • Grow platform and invest in personnel

  • Warehouse deals for a new fund

  • Buy out shareholders

  • Bridge to a GP stake

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Typical Terms

  • Investment Size: $10 - $150 million

  • Maturity: 1 - 5 years

  • Borrower: Flexible including at a Fund, Portfolio Company, SPV, Management Company, Holding Company, or Continuation Fund

  • Covenants: Maximum LTV, Minimum Number of Assets

  • Industry: Any

  • Geography: US, Canada, and Western Europe

  • Amortization: None

1

Hark Capital Intro Video

1. Discussion of the investment strategy includes certain terms that are targeted objectives only, and there can be no guarantee that such objectives will be ultimately achieved in any or all instances.