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ARTICLE · 14 JULY 2026

Talking Trends: Fund Finance

Proskauer Rose LLP
Proskauer Rose LLP
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Proskauer Rose LLP

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Proskauer fund finance partner Mei Mei Wong and Pemberton's Cassandra Fahy explore the evolution of net asset value-based fund financing, examining how this increasingly sophisticated tool has transformed from a niche product into an established component of the private equity landscape. Their discussion reveals how NAV financing serves diverse purposes across fund lifecycles, from portfolio value creation to LP liquidity solutions, while addressing the critical considerations around valuation, leverage, an

United KingdomFinance and Banking
Mei Mei Wong
Mei Mei Wong
Cassandra Fahy
Cassandra Fahy
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In Women in Private Credit: Talking Trends, we dive into the world of private credit through the lens of eminent women in the field — from professionals at the forefront of industry leadership to our own lawyers. Together, we navigate the trends and topics influencing private credit against the backdrop of today’s ever-evolving geopolitical landscape.

In our latest edition, Proskauer fund finance partner Mei Mei Wong engages with Pemberton’s Co-Head of GP Solutions Origination, Europe and Head of Asset-Based Financing Origination, Europe, Cassandra Fahy, unpacking net asset value-based fund financing (NAV financing), including exploring market evolution, sentiment and developments.

At a high level, what do we mean when we talk about NAV financing, and where does it sit within the broader fund finance toolkit?

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