Cadwalader partner Brian Foster spoke at Practising Law Institute’s 2021 Fund Finance Conference on November 17. He participated with other industry leaders on a panel discussion of NAV facilities for private equity primary and secondaries funds. Panelists discussed why sponsors use such facilities, key legal considerations in structuring and documenting such transactions, due diligence issues and notable developments over the past year. Issues related to management fee loans and GP stake deals were also discussed. A replay of the panel discussion is available through PLI.