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The Net Asset Value (NAV) Debt Trap: The Big Point

Professor Glenn A. Okun

The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.

Private equity firms’ financial engineering toolkit has lost its latest favorite: the net asset value (NAV) loan.  These loans, that funded cash distributions to limited partners in 2022 and early 2023, have all but disappeared.

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