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Mayer Brown | USA | 10 Oct 2023
Double Negative Pledges in NAV Credit Facilities: What Fund Finance Lenders Need to Know
With more borrowers and lenders entering into net asset value (“NAV”) credit facilities, lenders may want to consider including a double negative…
Weil Gotshal & Manges LLP | USA | 9 Oct 2023
Net asset value (NAV) facilities or hybrid facilities
Credit facilities which are backed by the net asset value of a fund's investment portfolio. These facilities are often established in the…
JSA | India | 13 Jul 2023
Tax Talks | Here’s why angel tax going to be a game changer for inbound investments
Angel tax, common name for the provisions of Section 56(2)(viib) of the Income Tax Act, 1961, could keep foreign investors on the edge. A recent…
Dacheng Shanghai | China | 7 Jul 2023
附依据逐条解读私募基金登记备案新规之四— —信息变更和报送篇
中国证券投资基金业协会（“协会”）于2023年2月24日发布《私募投资基金登记备案办法》（“基金登记备案办法”或者“新规”），…
Mayer Brown | USA | 28 Jun 2023
Benefits and Considerations of Family Office NAV Credit Facilities
Net asset value (“NAV”) credit facilities continue to grow in popularity, not only with traditional private equity funds, but also with family…
William Fry | European Union, Ireland, United Kingdom | 13 Jun 2023
Asset Management & Investment Funds Update: June 2023
In May 2022, the Commission requested input from the European Supervisory Authorities (ESAs) on the issue Of greenwashing, including the key features…
Khaitan Legal Associates | India | 13 Jun 2023
Latest income-tax developments impacting fundraising by closely held Indian companies (including start-ups)
Section 56(2)(viib) was introduced in the Income-tax Act, 1961 with effect from 1 April 2012. At that time, the section provided that a closely held…
Mayer Brown | USA | 30 Mar 2023
The Advantages of Net Asset Value Credit Facilities
The market for net asset value (“NAV”) credit facilities continues to grow rapidly, with evolving features and mechanics. As the market matures, it…
Cadwalader Wickersham & Taft LLP | USA | 11 Feb 2022
NAV Covenants and Subscription Lines
For funds that are nearing the end of their investment period and have limited or no remaining unfunded capital commitments, the need to continue a…
Bryan Cave Leighton Paisner LLP | United Kingdom | 27 Oct 2021
FCA finalises its rulebook for the new UK authorised open-ended fund to invest in illiquid assets: the Long Term Asset Fund (LTAF)
The FCA’s Policy Statement published on 25 October 2021 provides feedback to its May 2021 consultation (the Consultation) and sets out the final…
