All eyes are on the results of the US election results today, and soon, they’ll turn back to the Federal Reserve. Hinging on whether the Fed decides to continue rate cutting at its next meeting — and how deeply — a flood of M&A could hit the market. In the meantime, though, funds have been forced to take extraordinary measures to make their way through the muddle in the middle.

In this week’s episode of Cloud 9fin, private credit editor David Brooke sits down with private credit reporter Peter Benson for a whistle stop tour through NAV — or Net Asset Value — loan structures. Check out Peter’s recent article on NAV structures here, and find all of the latest private credit coverage on 9fin.com.

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Jenny Sue Kostecki-Shaw