On November 19, 2025, Davis Polk partner David Kennedy will be among the speakers at Practising Law Institute’s “Fund Finance 2025” program. David will speak on the “Secondaries Financing in Fund Finance” panel. Topics discussed will include the core structure and key negotiation points of NAV secondaries financings, why secondaries sponsors leverage NAV financings for portfolio acquisitions and structural leverage and challenges lenders face when structuring financings collateralized by limited partnership portfolios.

For more information, please visit the event website. 

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