Structures

NAV facility

status: draft

A fund-level financing backed by the net asset value of portfolio investments rather than by investor capital calls.

What to watch

Key terms are eligible investments, concentration limits, valuation policy, advance rates, margining, and remedies after NAV deterioration.

Referenced in 7 topics

Back leverage (provider perspective) capital-sources Back leverage and fund financing playbooks Collateralized loan obligations (CLOs) structures Evaluating a credit fund's ABF strategy playbooks Finding capital providers market-landscape NAV facilities and subscription lines structures Subscription finance / capital call lines structures