Welcome to our new Spotlight series, where we highlight members of our expanded team—and the regions they serve—in EMEA and APAC. In this newsletter, we'd like to introduce you to Eric Tan, a partner in our Singapore office. Eric has extensive experience advising financial institutions, private credit funds, multinational corporates and private equity sponsors on complex cross-border financing transactions.
In its latest report, KBRA documents record‑high NAV‑loan issuance in 2025, followed by continued deal activity in 2026, and highlights how the market has moved from a niche liquidity solution to an established pillar of fund finance.
Registration is open for FFA University 2.0 in London, which will be held on Thursday, 22 October. Designed specifically for mid-level bankers, lawyers and service providers, this intensive, in-person program will cover advanced market trends and structural complexities.
In NAV credit facilities, the mandatory prepayment section will often include a requirement for the borrower to repay a certain percentage of the loan obligations on a periodic or ongoing basis. The amount of loan obligations required to be paid on the relevant payment dates are tied to a proportion of the distributions and sale proceeds received by the borrower from its portfolio investments prior to such prepayment or during the prior cash sweep period.
Rede’s 2026 NAV financing survey confirms that NAV lending is now a core fund finance product, not a special-situation workaround.
(Note - this is reprinted from the special July 2 edition of Fund Finance Friday for those who were enjoying a holiday vacation and may have missed it.)
When I first entered the fund finance business nearly twenty years ago, I could not have imagined the size and scale the industry would reach—or the extent to which we’d need to grow to keep you, the client, at the forefront of everything we do.
Hogan Lovells Cadwalader is proud to sponsor and host the Fund Finance Association's "FFA University 2.0: US" at our 200 Liberty Street office in New York on September 10.
When I first entered the fund finance business nearly twenty years ago, I could not have imagined the size and scale the industry would reach—or the extent to which we’d need to grow to keep you, the client, at the forefront of everything we do.