NAV finance: Now and the future
www.privateequityinternational.com/nav-finance-now-and-the-future/
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Subscription line financing is now a well-established tool in the armoury available to an investment fund. It can bridge short-term financing needs, allowing funds to move quickly with successful bids for investments, and ensure that the day-to-day costs of running the fund are not dependent on a stream of small drawdowns from investors. Subscription line financing is secured against the contractual obligations of investors to fund their undrawn capital commitments, often described as “looking up” recourse.
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