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PE rethinks NAV loans as investors push back

Private Equity Wire

Net-asset-value (NAV) loans, which layer additional leverage onto private companies already burdened with significant debt, have come under scrutiny, particularly when buyout firms use them to fund distributions rather than growth.

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These 3 Dividend Stocks Yield Investors 9.6% or More. Here's Which 1 I'd Buy First.

The Motley Fool

Blackstone Secured Lending Fund invests in underserved companies and sports a 11.2% dividend yield The Blackstone Secured Lending Fund is a business development corporation ( BDC ) that invests in private company debt to generate income for dividend-focused investors.

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MicroStrategy (MSTR) Q1 2024 Earnings Call Transcript

The Motley Fool

Bitcoins acquired through proceeds from debt activities that occurred after the issuance of our senior secured notes, namely the two recent convertible note issuances in Q1, are held at MicroStrategy, the parent, and also serve as collateral securing our 2028 senior secured notes.

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HOOPP Beefs Up Its ILS Investments in 2022

Pension Pulse

However, instead of facing a rated balance sheet, the insurance entity faces a fully secure, collateralized form of funding dedicated to a precise risk requiring coverage. Usually the collateral takes the form of highly-rated, highly-liquid investments, such as government gilt funds or pure money market funds.

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Medical Properties Trust (MPW) Q2 2023 Earnings Call Transcript

The Motley Fool

Given the conditions in the bank lending market since the SVB and other disruptions earlier this year, the return on these first-lien collateralized facilities has been very attractive. And as noted, our investment is collateralized by borrowing base of government and commercial receivables. It's a private company.

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CPP Investments Plows Into Private Equity in Fiscal Q3 2025

Pension Pulse

Completed a US$250 million anchor investment in the Antares Private Credit Fund, which holds Antares-originated loans to private companies in the U.S. based software company that provides solutions across business intelligence, analytics and data integration and quality. Committed KRW 473.1 Invested SEK 1.2 billion.

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Are CPP Investments' 'Ideological Goals' Costing Canadians Money?

Pension Pulse

For example, despite its clear mandate to earn the best financial return on the assets it manages, the Canada Pension Plan Investment Board (CPPIB) is firmly committed to leveraging those assets to pursue collateral objectives instead. Nor is it supported by the empirical evidence.