Julia Kohen, Ashley Belton Gold and Jakarri Hamlin Co-Author Chapter in Fund Finance 2023
02.07.23
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Fund Finance Partners Julia Kohen and Ashley Belton Gold and Associate Jakarri Hamlin authored a chapter for the 2023 Fund Finance Guide published by Global Legal Insight. The chapter, titled “A Fund Borrower’s Guide to NAV and Hybrid Facilities,” highlights the bespoke nature of NAV and hybrid facilities and how fund borrowers and their counsel can review and negotiate limited partnership agreement (“LPA”) provisions to maximize the fund’s flexibility to incur and secure debt to support its investments and other activities throughout its life cycle. It further outlines NAV facility basics, collateral and partnership agreement pledging provisions, diligence considerations, liability of borrowers, the impact of LPA debt limitations and fund document limitations, among other topics.
To read the full chapter, please click here.