Services

NAV lending.

Structure

Advance against verified NAV.

Lines are sized off reconstructed fund NAV, LP capital statements, and your distribution profile. Covenants are built for private fund collateral, not generic margin language.

  • Advance bands tied to last quarter NAV and concentration limits
  • SOFR-based pricing with documented spread and extension mechanics
  • Single term sheet and one banking team through close
NAV Facility
Term sheet
Committed line$12.4M
Advance vs. last NAVUp to 55%
Index + spreadSOFR + 285 bps
Maturity36 months + 1 × 12 extension
StatusLPAC notice window
Collateral

Clean pledge. GP and custodian in the loop.

We package pledges on LP interests with GP acknowledgment, custodian control where required, and a borrowing base that updates with each NAV cycle.

  • First-priority on fund distributions and sale proceeds where applicable
  • Documented subordination and side-letter review
  • Quarterly borrowing base certificates
Collateral package
Verified
Primary pledgeLP interest · Buyout IV
NAV as ofDec 31, 2025
Lien positionFirst priority on distributions
GP acknowledgmentOn file
Custodian controlAccount control agreement signed
Servicing

Draws, sweeps, and reporting in one ledger.

After close you get a transparent facility ledger: outstanding balance, undrawn capacity, next reporting dates, and cash sweep mechanics, with no separate vendor portals.

  • Pro rata draws against unused commitment
  • Automatic distribution sweeps per facility terms
  • Banker-led covenant monitoring through maturity
Facility ledger
Active
Outstanding$6.8M
Undrawn capacity$5.6M
Last borrowing baseFeb 14, 2026
Next reportingMar 15, 2026
Cash sweepQuarterly, 100% of distributions

Model a NAV facility for your book.

We can size indicative terms from your existing statements.

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