Tangible

Competitive NAV financing, from analysis through monitoring

Tangible works with Funds of Funds, GPs, family offices and other private market investors to source and execute NAV financing solutions.

We combine a curated lender network with analytics and transaction infrastructure so borrowers can compare structures and pricing rather than negotiate with a single lender in isolation.

Fund interestFund interestCo-investmentFund interestPortfolio · retainedUpside keptpledgeTangiblecompetitivelender processSpecialist fundsBanksInsurance-backed capital30+ lenders competeproceeds

Lender universe

Three kinds of capital compete

Specialist funds and asset managers

Dedicated NAV and structured-capital providers.

Banks

Institutional balance sheets active in private fund financing.

Insurance-backed capital

Long-duration capital able to participate in appropriate structures.

Process

Analyze, compare, close, monitor

01AnalyzeModel borrowing capacity, costs, distributions and repayment scenarios.
02CompareRun competitive lender selection and compare terms.
03CloseCoordinate diligence, credit agreements, pledges and other required documentation.
04MonitorTrack LTV, loan balances, distributions and reporting.

Why Tangible

Four reasons borrowers run the process with us

Structural flexibility

Tangible adapts the structure to legal, jurisdictional and counterparty requirements rather than forcing one format.

  • Direct lending to custody accounts
  • Lending through an SPV

Competition

Multiple lenders compete for the financing.

Secondary integration

Tangible’s secondary capabilities provide an additional execution route around collateral where required.

Flexible structuring

Support for different pledge and ownership structures.

Aggregation

Smaller positions can be combined to create institutionally relevant financing opportunities.

Explore NAV financing