Fund Finance Partners

Thanks to Bain & Company’s Chairman of PE, Hugh MacArthur, for his thoughts on FFP’s NAV Loan Index as well as the outlook for NAV Loans moving forward. We agree that the future is bright.

Thanks to Private Equity International for covering the Fund Finance Partners NAV Lending Index, including in #BuyoutsMagazine. The article, “New NAV Loan Index Offers Some Surprising Insights” includes perspectives from FFP’s Zac Barnett and summarizes the findings published in our inaugural edition, available upon request. An excerpt of the article follows and a link to the full article is included below.   “Another surprising takeaway is that just about half of the loans in the index are either structured as cash interest loans or a combination of cash interest and payment-in-kind. 'Our clients generally push for PIK and they usually get it contrasted by the lenders general preference to include some cash pay component’, Barnett says.” https://lnkd.in/eW_JghxY   #FFP #FundFinancePartners #FundFinance #NAVLending #FFPNAVIndex #PrivateEquity #Buyouts #PrivateCredit #PrivateDebt #Sponsors #InvestmentFunds #PrivateInvestmentFunds

We are excited to announce that the inaugural edition of the Fund Finance Partners NAV Lending Index (the “NLI”) is now available. The NLI was created in response to industry demand and hopes to help identify and monitor trends in the private equity NAV lending market relating to NAV loan utilization, transaction terms and a variety of other qualitative and quantitative data points.     If you would like more information or to request access to the index, send us a note via the link below. We appreciate all of your submissions, support and collaboration in connection with making the NLI possible. Your feedback is welcomed.   https://lnkd.in/gaAu-Qxt   #FFP #FundFinancePartners #FundFinance #NAVLending #FFPNAVIndex #PrivateEquity #Buyout #PrivateCredit #PrivateDebt #Sponsors #InvestmentFunds #PrivateInvestmentFunds

Fund Finance Partners Managing Director, Richard Wheelahan, will participate on a term sheet negotiations panel at Haynes and Boone, LLP NAVember being held today in NYC. Panelists will share insights into negotiating the details of middle-market and large NAV facilities to private equity funds, including collateral packages, fund recourse, cure mechanics, valuation requirements and more. We hope to see you there. #FundFinance #FFP #FundFinancePartners #NAVlending #NAVLoans #NAVember #PrivateDebt

Thanks to Private Funds CFO for recently speaking with FFP Managing Director, Zac Barnett, about his insights on “The Ever-Expanding World of NAV,” a feature in their latest Fund Finance Report. An excerpt follows, as well as a link to the full publication: “From limited partners to continuation vehicles, the borrower cohort for NAV finance is widening…GP lines are being used to help fund principals meet their GP commitment, supported either by personal guarantees or guarantees provided by the management company, as well as the distributions flowing back from capital contributions. Barnett estimates that over half of GPs now employ this form of borrowing. When it comes to the financing extended to management companies, there are myriad use cases and, according to Barnett, most sponsors with over $5 billion in AUM now either have a management company line or are seriously considering it.” #fundfinance #fundfinancepartners #ffp #privatedebt #privateequity #NAVlending #NAVLoans #PrivateFundsCFO https://lnkd.in/gfjRG_GJ

Fund Finance Partners thanks our clients and colleagues for a successful evening of cocktails and networking for the fund finance market in Charlotte. It was great seeing so many of you and we look forward to seeing you at our next event! #FundFinancePartners #FFP #fundfinance #privateequity #privatedebt #assetmanagment #alternativeinvestments #fundmanagement

Fund Finance Partners is honored to have been named winner of Private Equity Wire’s U.S. Award for “Best Fund Financing Solution” for 2024. Thanks to PE Wire and Bloomberg for overseeing the nomination and voting process, which included collecting nearly 10,000 votes for the Service Provider category alone by GPs, LPs and other key industry participants. Congrats to all of this year's winners and nominees and to PE Wire on another successful awards ceremony in New York. We appreciate all of FFP clients and friends who voted for us! #PEUSAwards #privateequity #fundfinance #ffp #fundfinancepartners   Read more here: https://lnkd.in/eFWGCE_S

Fund Finance Partners is excited to announce that, in response to market demand, we’ll soon be publishing the first ever market index of NAV credit facility terms, which will include key metrics from nearly 100 NAV lending transactions, involving dozens of private equity sponsors, bank and alternative NAV lenders. As the NAV lending market continues to develop, we are confident that this index will benefit all market participants, including fund sponsors/borrowers, NAV lenders, investors, attorneys and advisors.     Send us a note via the link below to let us know you are interested in accessing the index and our team will be in touch. https://lnkd.in/edEXrfkg   #fundfinance #privateequity #buyout #privatecredit #privatedebt #NAV #investmentfunds #privateinvestmentfunds #sponsors #ffp #fundfinancepartners

FFP is grateful to Private Funds CFO for the opportunity to contribute to their latest Fund Finance Report. Read FFP Managing Director, Zac Barnett's, insights on the current market in "The Changing Shape of Fund Finance: Adapting to the New Norm." An excerpt follows, as well as a link to the full publication: “Banks are certainly more focused on who they are extending their balance sheets to and, while pressure has abated to a degree, it has not disappeared entirely. That dynamic is likely to continue until the rate cycle changes and overall credit availability improves. Banks are going to be required to hold even more deposits on account in connection with extending subscription line credit. As a result, while I think we will see pricing flatten a little in the short term, I think pricing will start to go up again as banks begin to take these new capital retention rules into account, potentially requiring borrowers to keep more cash on deposit in connection with subscription facilities, which will be very challenging for sponsors.” #ffp #fundfinance #fundfinancepartners #subscriptionfinance #privatedebt #privateequity #PrivateFundsCFO https://lnkd.in/eke4afVK

FFP co-founder, Richard Wheelahan, will speak on the “Finding Liquidity through NAV Financing” panel at the Private Debt Investor New York Forum alongside principals from Partners Group, AB Private Credit Investors and 17Capital. Panelists will provide perspective from each party involved in the NAV market and latest insights on how GPs and LPs are utilizing NAV finance and structured products. We hope to see you there. #PDINewYorkForum, #PrivateDebtInvestor, #NAVfinance #FundFinance #FundFinancePartners #FFP #PrivateDebt #AssetManagement