NAV

NAV Financing Solutions

Growth without limits

How to continue creating value even when undrawn commitments are running low.

  • A challenging market as a result of COVID-19 has meant that private equity firms are seeking ways to protect current portfolio value, pursue accretive opportunities and in some instances accelerate liquidity events where exits may have been delayed. Funding these requirements can be challenging as subscription lines max out, remaining capital is reduced and asset level leverage is more challenging to implement.

     

  • Investec NAV Financing can fulfil your equity needs at the cost of debt, looking to the underlying value of the portfolio to provide fresh capital when subscription lines are no longer relevant. These bespoke solutions allow GPs to continue making acquisitions, accelerate distributions and support businesses through temporary setbacks, outside of the investment period of the fund.

     

 

 

Matt Hansford explains why firms are using NAV financing, how they work, the benefits and who NAV Financing is applicable to

Matt Hansford, Head of NAV, Investec Fund Solutions

Matt Hansford explains why firms are using NAV financing, how they work, the benefits and who NAV Financing is applicable to

Matt Hansford, Head of NAV, Investec Fund Solutions

Orrick and Ganymede Capital's Fund Finance eRoundtable

Matt Hansford, Fund Solutions UK, recently featured on the panel of Orrick and Ganymede Capital's Fund Finance eRoundtable. The panel discussion covered the latest developments in fund level NAV borrowing, subscription lines and GP financing in the post-COVID world.

Call me back

It all starts with a conversation. To discuss your NAV Financing needs, please complete the form below and our team will contact you as soon as possible. Alternatively, call us today on +44 (0) 20 7597 3914

Investec Bank plc and its subsidiaries recognise and respect the privacy and data protection rights of individuals with regards to personal data.

 

We may use your personal data to provide you with services you request from us, or to manage your accounts, make decisions, detect and prevent fraud, fulfil any contractual relationship with you, undertake analysis and assessment, ensure that we comply with legal and regulatory requirements and/or for other purposes where in our legitimate interests. 


For further details as to how Investec uses personal data, please refer to our Data Protection Notice

Sending...

Please complete all required fields before sending.

Thank you

We will be in touch shortly

Sorry there seems to be a technical issue

Why should I use it?

Build value

  • Finance accretive bolt-ons
  • Fund asset growth initiatives
  • Buy out co-investors
  • Efficiently capitalise minority equity positions
  • Bring forward recyclable commitments
  • Win founder-owned companies by levering at the Holdco, not
    the Opco

Protect value

  • Avoid or cure covenant breaches
  • Balance sheet clean-up
  • Liquidity to weather business cycles
  • Participate in punitive pay-to-play rounds
  • Enable hedging options

Accelerate distributions and facilitate fund restructurings

  • Smooth the cashflow and IRR profile of the fund
  • Improve DPI with a dividend
  • Use instead of multiple portfolio company refinancings
  • Buy out existing investors
  • Efficiently fund follow-on capital for continuation vehicles

 

 


Download our factsheet

NAV Financing Solutions: Growth without limits

For a quick and easy way to find out how NAV Financing could work for you, including details on pricing, LTVs, structures, terms and covenants, view our NAV Financing Fact Sheet here. 

Investec Fund Finance provides 3 year term facility to AIM-listed Draper Esprit

Investec has provided a three year term facility to Draper Esprit plc (“Draper Esprit”), a leading investor into technology businesses, to help the company optimise returns and act quickly on attractive investment opportunities. 

NAV Financing – helping Funds and GPs seize opportunities

Matt Hansford explains NAV Financing and its potential to help Funds and GPs realise their growth.

Find out more

Matt Hansford

Fund Solutions