photo credit: Mikhail Nilov / Pexels

Key Takeaways

• Fund financing markets have shifted toward borrowers due to increased capital supply and softer demand following recent banking disruptions.
• Competition among lenders has led to lower pricing, improved terms, and greater flexibility for fund managers seeking financing.
• NAV lending is gaining traction as a strategic tool for extending investment timelines and supporting portfolio growth.
• Institutional investors entering the space have expanded available capital beyond traditional banking sources.
• Borrowers now benefit from more structured and competitive deal processes that resemble leveraged finance markets.