Proponents of NAV lending argue that they are a tool for growth, allowing for much-needed capital to fuel expansion at the portco level and, in the end, deliver superior returns to allocators. Yet some LPs are skeptical and worry that ‘leverage on leverage’ pushes the risk pale too far. How is the NAV lending industry evolving?

• What is NAV’s impact on LPs, and what value does NAV financing bring to the broader private equity ecosystem?
• How will NAV finance continue to progress and evolve as adoption across the industry increases?
• How has the growing need for liquidity contributed to the expansion of the NAV loan market, which is predicted to be a $700 billion+ market opportunity by 2030?
• To what degree is old controversy around use of proceeds still valid?
• How is the growth of NAV lending affecting M&A activity within portfolio companies?