NAV Loans
For Family Offices & Funds

Term sheets in days, funded in under a month. Here is how.

Nodem Capital is recognised as a leading NAV loans provider to family offices, fund managers (GPs), limited partners (LPs), hedge funds, trust companies, and holding companies.

Facilities range from $10 million to over $100 million, with variable loan-to-value ratios and flexible payment-in-kind (PIK) interest structures. Check our investment parameters.

Even where banks approve quickly they fund slowly. We aim to fund borrowers within a month rather than six. Nodem is authorised and regulated by the Financial Conduct Authority, FRN 1017481

Tailored liquidity

Serving sophisticated private asset holders, including GPs, LPs, evergreen vehicles, trust companies, family offices, hedge funds and holding companies.

NAV loans secured against venture capital portfolios

Private Equity

Direct positions, LP stakes, SPVs, GP stakes.

NAV loans secured against private credit fund stakes

Real Assets

Everything from infrastructure projects to commodities.

Real Estate

Direct property, LP stakes, other.

Operating Businesses

Family-owned companies and controlling stakes.

Alternative Investments

From fine art to digital assets.

Nodem is a NAV loan thought leader

NAV loans secured against private equity holdings

NAV loans secured against hedge fund positions

The questions we are asked most

What is a NAV loan?

A NAV loan is a credit facility secured against the net asset value of a portfolio of private assets, such as fund interests, direct holdings or property, rather than against any single asset. The lender advances up to 40% of portfolio value and is repaid from distributions, sales or a refinancing. Read the guide.

How much can we borrow and what does it cost?

Nodem facilities run from $10m to $100m+ at loan to value ratios of 10% to 40%+, priced as a margin over the base rate with interest capitalised, so there is rarely any cash coupon while the facility runs. The comparison that matters is the discount on a forced sale, not the bank rate. See the parameters and Expensive compared to what?

How quickly can Nodem fund?

Nodem issues indicative term sheets within days and typically funds within a month, because it underwrites the portfolio rather than the borrower's wider banking relationship. Banks approve quickly and fund slowly; that is the gap the process is built around. How the fast process works.

Why will our bank not lend against the private portfolio?

Banks carry punitive risk weightings on fund interests and unlisted shares, so they lend against the liquid book and decline the private one, or take months to structure it. A NAV facility sits alongside the bank line rather than replacing it. Why a bank will not lend against your private equity book.

Do you lend to GPs and smaller funds?

Nodem provides standalone GP financing and fund level NAV facilities from $10m, well below where most NAV lenders start, secured on management fees, carried interest or fund portfolios, with no ancillary banking required. GP financing and the best NAV lenders for small and mid market funds.