Davis Polk partners Meyer Dworkin and David Kennedy and counsel Kwesi Larbi-Siaw authored “Use of preferred equity in private equity net asset value facilities” in the ninth edition of Global Legal InsightsFund Finance 2025. In the chapter, the authors examine several important considerations and recent developments with respect to private equity net asset value (NAV) facilities, especially the increasing use of preferred equity structures.

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This article was first published in GLI - Fund Finance 2025.