Two tailored fund finance facilities demonstrating TENN’s ability to deliver NAV, LP and GP-based financing solutions.
We’re pleased to announce the recent completion of two fund finance facilities.
- A $15 million NAV facility for a Swiss evergreen fund, supported by a high-quality and diversified portfolio comprising LP interests in primary and secondary funds, direct private equity investments and a CLO sleeve.
- A £2 million working capital facility for a portfolio company of a UK growth investor, with additional support from the fund through its uncalled capital and high-quality institutional LP base.
Together with our other recent transactions, these completions mean we have delivered the full spectrum of NAV, LP and GP-based financing solutions over the past two weeks.
The situation
The facilities were designed to meet two distinct funding requirements: providing an evergreen fund with additional flexibility to pursue investment opportunities and supporting the working capital requirements of a portfolio company.
In both cases, the wider fund position was central to our assessment. This required a detailed understanding of the underlying portfolios, available capital and the broader institutional support behind each structure.
What the borrowers required was a funding partner capable of looking across the wider position and delivering facilities aligned with their respective investment and business objectives.
The TENN difference
Transactions such as these demonstrate the value of a pragmatic and tailored approach to fund finance. By understanding the assets, capital and stakeholders within each structure, TENN can provide funding solutions that reflect the wider strength of the opportunity.
Whether supporting investment funds, portfolio companies, family offices or alternative asset managers, TENN continues to provide NAV, LP and GP-based financing solutions designed around the specific objectives of each borrower.
If you have an opportunity like the above, please don’t hesitate to get in touch with us.