Insights

Private markets have historically required investors to accept longer holding periods in exchange for more controlled exits and consistent value creation. That expectation is now being tested. Over the past 18–24 months, private equity markets have shifted into a condition where the number of potential sellers exceeds the number of natural buyers. Distributions have slowed, DPI has declined, and assets are remaining in portfolios longer than expected. The result is a timing m

Image source: Unsplash As private markets mature, the lines between debt, liquidity, and secondary capital are becoming increasingly blurred. NAV financing sits at this intersection. It helps funds turn illiquid assets into usable cash without requiring immediate asset sales. In a tighter capital environment, fund liquidity is now a strategic concern. Slower distributions and tougher fundraising are forcing managers to use capital more efficiently. NAV financing has evolved i