Considerations in the use of aggregator vehicles in NAV facilities
Global Legal Insights – Fund Finance 2022, Sixth Edition
In this chapter for Global Legal Insights – Fund Finance 2022, Sixth Edition, Davis Polk partner Meyer Dworkin and counsel Kwesi Larbi-Siaw examine several issues to consider when structuring a NAV facility in which the credit support is based – in whole or in part – on a fund’s proportionate interest in portfolio investments held by one or more aggregator vehicles.
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