Infrastructure Secondaries Daily
87% of NAV Meets a $15B Infra Fundraising Push
Monday, July 20, 2026 · 8 min

Jefferies 2025 Global Secondary data puts LP-led fund stakes at 87% of NAV on average, underscoring the cash-value gap as Partners Group closes a $15 billion direct infrastructure program and NAV loans keep moving into LP scrutiny.
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Jefferies 2025 Global Secondary data puts LP-led fund stakes at 87% of NAV on average, underscoring the cash-value gap as Partners Group closes a $15 billion direct infrastructure program and NAV loans keep moving into LP scrutiny.
In this episode
- LP-Led Secondaries Explained: Why Funds Sell Below NAV — Angel Investors Network
 # LP-Led Secondaries and the NAV Discount: Why Fund Stakes Trade Below Reported Value LPs selling private equity fund stakes in 2025 got 87% of reported NAV on average, and buyout stakes fetched 92% while venture stakes fetched just 78%, according to the Jefferies 2025 Global Secondary ![LP-Led Secondaries and the NAV Discount: Why…
- Partners Group | — Les Echos Comfi
Partners Group | publié le 20/07/2026 à 09:00 par Partners Group (isin : CH0024608827) # Partners Group closes fourth direct infrastructure program at over USD 15 billion Partager ce communiqué de Partners Group sur Facebook Partager ce communiqué de Partners Group sur X (Twitter) Partager ce communiqué de Partners Group sur LinkedIn Partager ce communiqué de Partners Group par email |…
- ECP eyes $8bn close after LPs back hard-cap revision — Infrastructure Investor
# ECP eyes $8bn close after LPs back hard-cap revision Published: 2026-07-17T19:40:31+00:00 Source: infrastructureinvestor.com (infrastructureinvestor.com) Language: en ## Story ECP eyes $8bn close after LPs back hard-cap revision [![Infrastructure Portfolio…
- NAV Loans Explained: PE Fund Financing and the DPI Controver — Angel Investors Network
NAV Loans Explained: PE Fund Financing and the DPI Controver A NAV loan is a line of credit that a private equity fund borrows against the current value of the companies it already owns, not against the money its investors still owe. The market has grown to roughly $100 billion as of 2024 and could hit $600-700 billion by 2030, according to ILPA's July 2024 guidance citing the Fund Finance…