13 March 2026
NAV loans and GP liquidity tools: Key takeaways from LSEG LPC’s Lending Lowdown podcast
As private equity sponsors seek greater flexibility in managing liquidity and portfolio outcomes, net asset value (NAV) loans have emerged as key financing tools within fund level capital structures.
In the latest episode of LSEG LPC’s Lending Lowdown podcast, titled “The Role of NAV Loans and How They Fit in GPs Financial Tool Kit,” DLA Piper Partner and Co Head of Private Credit and Fund Finance Ryan J. Moreno (New York) and Aryeh Landsberg, Managing Director, Investments at 17Capital, join LSEG LPC’s CJ Doherty to discuss the role of NAV loans and how they fit into general partners’ (GPs’) financial toolkits.
The speakers examine how private equity sponsors are using NAV facilities to manage liquidity and complement traditional fund level financing; common structuring approaches; the scenarios in which GPs are turning to NAV loans; and how lender appetite for the product has evolved. The discussion also addresses use cases such as funding follow on investments, managing capital calls, and providing late stage liquidity solutions.
Key highlights include:
- How NAV loans differ from traditional fund level and asset level financing structures
- Why GPs are increasingly incorporating NAV facilities into their capital management strategies
- Key structuring, risk, and market considerations shaping the continued growth of the NAV loan market
