Standard credit pricing for NAV Lending.
The methodology and pricing engine for NAV Lending. Non recourse loans secured by interests in private credit, private equity, real assets, and infrastructure funds. Direct or tokenized.
Fund admins report NAV monthly at best, with a 45 to 90 day lag. The methodology uses public stress signals to act inside that window.
Advance rate and coupon are sized to clear the stress floor.
Public signals tighten the margin between NAV reports.
Warning, cash sweep, partial release, full release. Rule based, not negotiated.
Six streams in. Four decisions out. Recomputed against the live signal.
Set at origination, sized to clear the stress floor.
Live risk triggers a margin floor. Tightens on stress signals.
Spread adds to the base rate of the portfolio loan.
Warning, cash sweep, partial release, full release. Rule based, not negotiated.
Set at origination, sized to clear the stress floor.
Live risk triggers a margin floor. Tightens on stress signals.
Spread adds to the base rate of the portfolio loan.
Warning, cash sweep, partial release, full release. Rule based, not negotiated.
Built on Ravariant.
The same underwriting across lending, marketplace, and structured products.
Leverage for acquiring LP interests at a discount. Acquirers post first loss, draw senior leverage from the protocol, and purchase positions in the secondary market. Repriced continuously against collateral quality.
