Doug Cruikshank discusses with Private Funds CFO how “NAV loans, used appropriately and with proper disclosure, provide creative, cost-effective solutions to sponsor portfolios.”

When we started Hark in 2013, almost no one had heard of NAV loans; the term itself hadn’t even been coined yet. Fast forward 11 years, NAV loans have become a recognized asset class. Large, blue chip private equity funds, as well as middle market private equity funds, now have approximately $150 billion in NAV facilities outstanding, according to S&P Global. Not to mention growth equity, VC and secondary funds.

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