Hold periods got longer. Most value creation plans still act like they did not.
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GPs think NAV deals die in credit committee. They die at the LPAC.
Most managers brace for the credit conversation and underprepare for the one that actually decides the outcome. Here is what tends to go wrong when GPs approach a NAV facility, seen from the side of the table that has to underwrite it, and what a sound deal should look like
Deals (w/e 5/22/26)
News (w/e 5/22/26)
