Global Fund Finance Symposium – a 10-point Summary of the NAV/Hybrid Facilities Panel

1 April 2019
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Key takeaways
  • On March 26, 2019, Thomas Smith spoke on a panel at the Global Fund Finance Symposium in Miami, discussing NAV and hybrid fund level facility agreements.
  • The panel focused on the types of NAV-based facilities raised by funds, structuring considerations for putting in place a NAV facility, key commercial terms of a NAV facility and the pros and cons of hybrid NAV/capital call facilities.
The Private Equity Report Spring, 2019, Vol 19, No 1