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NAV facilities to credit funds: in an (asset) class of their own
NAV facilities for credit funds have unique features when compared to NAV facilities for other asset classes. This In Practice article explores these points of difference by looking at various stages in the life of a NAV facility.
30 SEP 2024Rated subscription lines: bringing fund governing documents and finance documents into focus
In this In Practice article we will explore the benefits of obtaining a rating for a subscription facility. By reference to ratings criteria announced by the main agencies, we will explore how the limited partnership agreement, side letters and the related finance documentation are analysed to arrive at a rating.
30 APR 2024
