# Nodem Completes €25 Million NAV Loan to a Swiss Family Office for Generational Transition

A euro-denominated NAV facility enabled a Swiss family office to manage succession-related liquidity needs without disrupting a well-performing PE portfolio.

## Transaction Overview

Nodem Capital completed a €25 million NAV loan to a Swiss single-family office undergoing a generational transition. The facility is secured against a portfolio of European mid-market buyout fund interests and co-investments, with a combined NAV exceeding €150 million.

The family required liquidity to settle tax obligations, fund estate restructuring costs, and provide personal capital to the next generation, all without selling fund positions that are approaching their highest-value exit windows over the next 18 to 24 months.

## Why This Structure

Generational transitions often create sudden, large liquidity needs at the worst possible time for portfolio owners. Selling growing PE positions to fund succession costs locks in discounts and permanently sacrifices upside. The NAV facility provided immediate capital while keeping the portfolio intact through its highest-value period. The PIK structure meant no cash servicing burden during the transition.

## Facility Details

- Facility size: €25 million

- Borrower: Swiss single-family office

- Collateral: European mid-market buyout fund interests and co-investments

- LTV: Below 20%

- Interest: PIK

- Currency: Euro-denominated

- Duration: 2.5 years

- Use of proceeds: Generational transition: tax, estate restructuring, next-generation capital

## About Nodem Capital

Nodem Capital is a specialist NAV lender providing portfolio-backed credit facilities, typically $20 million to $100 million and above, to family offices, GPs, and private funds. Nodem is authorised and regulated by the Financial Conduct Authority. For enquiries, contact abranton@nodem.com or visit nodem.com.