Private Equity's Creative Wizardry Posing Systemic Risk?
Pension Pulse
JULY 11, 2024
NAV lenders sometimes charge interest in the mid to high teens, and some borrowers have used holiday homes, art and cars as collateral. Other unconventional financing is raising eyebrows, too, such as continuation vehicles — a controversial practice of firms selling sometimes troubled assets to a new fund that they also manage.
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