The use of Net Asset Value Facilities for portfolio acquisitions
Global Legal Insights - Fund Finance 2017, First Edition
In recent years, secured credit facilities provided to funds have been dominated by two forms: the “Subscription Facility” and the “NAV Facility”. In this article, we focus on issues that may arise from the increasing use of NAV Facilities to finance (or refinance) the acquisition of portfolio investments, including the use of separate subsidiaries to effect such acquisitions.
Copy link to share post