
Octus Radio
Greg Hardiman of 17Capital Discusses Growth and Use Cases of Net Asset Value Lending
Mar 12, 2024
Explore the evolution and benefits of NAV lending in private equity with insights from Greg Hardiman of 17Capital. Discover the growth and applications of NAV financing, flexibility in non-bank investments, fund financing dynamics, efficiency with NAV lending, and updates on bankruptcy cases and corporate stories.
34:19
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Quick takeaways
- NAV lending provides liquidity and financing against diversified portfolio equity value, catering to private equity buyouts.
- Non-bank lenders like 17 Capital offer innovative NAV financing solutions, enhancing operational flexibility for private equity actors.
Deep dives
Evolution of NAV Lending in Private Equity
NAV lending involves providing funds against the equity value of a diversified portfolio, a departure from traditional single-company lending. 17 Capital's focus on NAV lending for private equity buyouts has a track record dating back to 2008. Initially conceived as a solution for limited partners seeking liquidity beyond the secondary market, NAV lending has grown to encompass private equity funds, management firms, and individual investors.
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