Earlier this year, the Financial Conduct Authority (FCA) exercised its powers pursuant to Article 21(3) of the Benchmarks Regulation to compel ICE Benchmark Administration (IBA) to continue publishing 1-month, 3-month and...more
Net asset value based credit facilities (“NAV Facilities”) are credit facilities pursuant to which the availability thereunder is based on the net asset value of the investments of the borrower, typically a private fund. The...more
10/12/2023
/ Borrowers ,
Credit Facilities ,
Employee Retirement Income Security Act (ERISA) ,
Insolvency ,
Interest Rates ,
Investors ,
Lenders ,
Liquidity ,
Loans ,
NAV ,
Private Funds ,
Uniform Commercial Code (UCC) ,
Valuation