NAV financing
C2CEFR level
95/100Rarity: very rare
TechnicalRegister
A loan secured against the net asset value of a fund's whole portfolio rather than any single company.
We took NAV financing across the portfolio to fund follow-ons without calling more capital.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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