Alex Branton on the Navigating Wealth Podcast: Borrowing Against Private Assets

Nodem Capital founder Alex Branton joined Tad Fallows and Matt Shechtman on Navigating Wealth, the podcast from Long Angle, a private community of high-net-worth entrepreneurs, executives and investors. The conversation covered a corner of private markets that is frequently misunderstood: how owners of private equity, venture and other illiquid assets can borrow against their portfolios rather than sell them.

Why banks say no to private portfolios

Private equity and venture holdings can be the hardest assets to borrow against, no matter how strong the portfolio. The episode explores why banks decline this collateral regardless of size — and where that leaves family offices and LPs holding large, high-quality positions with no ability to raise capital against them.

Borrowing versus selling at a discount

The discussion weighs a NAV facility against the main alternative: selling into the secondary market at a steep discount. For portfolios still compounding, a loan at a fraction of the portfolio's value is often the cheaper route to liquidity — the episode sets out how to run that comparison.

What separates a good facility from a bad one

Not every NAV loan is worth taking. Alex, Tad and Matt break down how a lender protects itself, what borrowers should look for in structure and terms, and the warning signs of a facility that quietly turns debt into equity risk.

Listen to the full episode

The full conversation is available on Navigating Wealth, or via Apple Podcasts, Spotify and YouTube.

To discuss a NAV facility against your own portfolio, contact Alex Branton or read our investment parameters.