AllianceBernstein Announces Launch of NAV Lending Strategy
AB NAV Lending will leverage the core capabilities, resources, and infrastructure of AB-PCI, which manages $17 billion in assets with a team of 75 professionals.
- AB NAV Lending will leverage the core capabilities, resources, and infrastructure of AB-PCI, which manages $17 billion in assets with a team of 75 professionals.
- The launch of AB NAV Lending enables AB-PCI to provide fund-level financing to private equity sponsors in addition to portfolio company financing and equity co-investment solutions.
- The firm also announced the hiring of two industry leaders with more than 20 years combined fund financing experience: AB-PCI Managing Director and Head of NAV Lending Dupe Adeyemo and Director of NAV Lending Sara Casey.
- "We believe that AB NAV Lending can become a scaled business that generates attractive, risk-adjusted returns for our investors."