NAV loans and lender financing for private funds

As a specialized team within SVB's Global Fund Banking business, we offer bespoke bilateral and syndicated asset-backed lending solutions.

Select the fund type that best describes your need to learn more:

Buyout, Growth or Venture Fund Secondaries Fund or Fund of Fund Credit Fund

Primary NAV financing

Loans provided to a closed-end buyout or growth equity fund, to support their operating companies.

Structure and terms

Coins Stack Outline Light Facility size $50M and up
Calendar Outline Light Loan term Multi-year (typically 3-5 years)
Cash Tag Outline Light Pricing Varies based on portfolio
Pie Chart 1 Outline Light Loan-to-value up to 15%
Users Growth Outline Light Borrowers Private equity, growth or venture fund
Folder File Outline Light Collateral Control or minority equity holdings in operating companies
Network Outline Light Use of proceeds
  • Additional capital for further investments (follow-ons or new investments)
  • Managing working capital
  • Return enhancement

Typical structure

primary flow 01

Ask us about next steps

Dirk Engelbert Dirk Engelbert Managing Director, Structured Fund Solutions, Global Fund Banking

Learn more about how SVB clients have utilized their NAV loans

Learn more

SVB's insights for private funds CFOs

BLOG | PRIVATE FUNDS CFO INSIGHTS Maximizing flexibility with NAV loans NAV loans can give fund managers the liquidity to support existing portfolio companies or take advantage of new investment opportunities in the later stages of a fund's life cycle.  Read now
BLOG | FX ADVISORY Foreign exchange hedging for global exits Short-dated FX forwards can be used to help mitigate the FX rate uncertainty that arises between the time a portfolio company is sold and the funds are repatriated back. Read now
BLOG | FX ADVISORY Exit hedging: NAV-based FX hedging This short paper outlines solutions to help investors at exit stabilize their projected NAV or cost, mitigate the impact of currency fluctuations, and potentially earn additional FX carry trade returns.  Read now

 

 

This material, including without limitation to the statistical information herein, is provided for informational purposes only. The material is based in part on information from third-party sources that we believe to be reliable but which has not been independently verified by us, and, as such, we do not represent the information is accurate or complete. The information should not be viewed as tax, accounting, investment, legal or other advice, nor is it to be relied on in making an investment or other decision. You should obtain relevant and specific professional advice before making any investment decision. Nothing relating to the material should be construed as a solicitation, offer or recommendation to acquire or dispose of any investment, or to engage in any other transaction.

 

All credit products and loans are subject to underwriting, credit, and collateral approval. All information contained herein is for informational and reference purposes only and no guarantee is expressed or implied. Rates, terms, programs and underwriting policies subject to change without notice. This is not a commitment to lend. Certain terms, conditions, exclusions, and limitations apply.