Portfolio Purchase Pointers July 2023 - NAV Acquisition Finance for Secondaries Facilities
JD Supra: Mergers
JULY 14, 2023
In the private equity secondaries market, financing is often used to facilitate the purchase of portfolios of interests in private equity funds. These transactions require lenders to underwrite the value of assets that the borrower does not yet own, which gives rise to a specific set of challenges for the lenders.
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