Leverage-on-leverage, how risky is NAV lending?
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YouTubePrivate Equity Podcast: Fund Shack
Leverage-on-leverage, how risky is NAV lending?
Is NAV lending just leverage on leverage? In this clip from Private Markets Podcast, Fund Shack, Alex Branton, Chief Investment Officer at Nodem Capital, explains why the answer is more nuanced than the headline suggests. Banks may provide leverage to NAV lenders at the fund level, which can sound like leverage stacked on top of leverage. But ...
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