Private Markets 360° The Power of NAV Financing (with Peter Hutton, Head of NAV Financing at Arcmont Asset Management)
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Nov 13, 2025 
Join Peter Hutton, Head of NAV Financing at Arcmont Asset Management, as he dives into the evolving world of NAV financing. With a rich background in private debt, Peter explains how fund-level loans are reshaping liquidity for sponsors. He discusses the shift in private markets and the advantages of NAV as a flexible funding source. Explore emerging trends like strategic relationships and enhanced LP transparency, illustrating how sponsors are actively re-engaging with lenders and limited partners for better collaboration.
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Career Path To NAV Financing
- Peter Hutton moved from Lazard M&A to AIMCO and helped scale its private debt business from under $500m to over $8bn.
- He then joined Arcmont to launch a dedicated NAV financing strategy after sponsor demand for the product.
Portfolio Collateral Improves Underwriting
- NAV loans lend against diversified, EBITDA-positive fund portfolios rather than single assets, enabling granular underwriting.
- That portfolio view produces more accurate pricing, repayment profiles, and flexible structures versus asset-level loans.
Three Pillars Of NAV Financing
- NAV financing splits into three main types: fund financing, GP financing, and LP financing.
- Each type targets different needs: buy-and-build capital, GP commitments/cashflow, or LP liquidity/commitment financing.