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Makiko Harunari Quoted in AVCJ on State of NAV Financing in Asia
04.01.24
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Makiko Harunari, Head of the Firm’s Asia Banking and Credit Practice, was quoted in an Asian Venture Capital Journal (AVCJ) article titled, “Asian PE and NAV Finance: Slow Progress From Talk to Action.” The article explored the reasons why NAV financing has not been widely adopted in Asia, despite rising demand, and how the market differs from that of the U.S. and Europe. Makiko explained the challenges of LPAs for funds in Asia that did not contemplate NAV facilities at the time of fundraising. Looking ahead, she noted, “What we are seeing is sponsors starting to have these discussions for funds that are fundraising now,” with funds also structuring investments to keep the optionality for NAVs.
To read the full article, please click here (subscription required).