It’s the Friday before Memorial Day Weekend here in the United States. Given the holiday weekend, this installment of our Sovereign Immunity Series will be light, as we will cover just.
Last Thursday, there was a lot of purple (and rain!) as Women in Fund Finance co-hosted the first FFA event of 2023, along with Cadwalader, Wickersham & Taft and Wells Fargo, kicking.
We continue to see significant interest in NAV financing products in both the U.S. and European markets, which is reflected in double digit year-over-year growth in our deal activity.
There has been an uptick in new lenders willing to provide NAV financing. Spike in interest in NAV lending was explained by sponsors hesitant to call capital from LPs during pandemic uncertainty and inability of private equity-backed companies to obtain affordable financing.