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As Net Asset Value (“NAV”) credit facilities continue to grow in popularity, we have seen a steady increase in non-traditional borrowers utilizing NAV loans, including family office borrowers. The term “family office” is used to describe structures established by ultra-high-net worth families to manage and grow their wealth. NAV facilities allow family office borrowers to unlock liquidity required to meet their needs without selling off investments. The purpose of this article is to explore a few key features that we often see in family office NAV facilities.
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Oh, the places you will go and the people you will meet! This work thing can be so all-consuming that your first years as an associate leave no room for much of anything (well, other than work). Then, you will make partner and there will be more work (much more work). You’ll build your practice, build your brand and try to figure why in the heck you didn’t believe people when they said that making partner is like winning the pie-eating championship and the prize is more pie.
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The Fund Finance Association is thrilled to announce the confirmed instructors for the upcoming FFA U: EMEA program, including Cadwalader's own George Pelling!
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