Aryeh Landsberg
Managing Director, Investments at 17Capital, a specialized private credit manager focused on private equity NAV financing, responsible for sourcing, executing and monitoring NAV financing transactions.
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Mar 2, 2026 • 19min
Episode 38 | The Role of NAV Loans and How They Fit in GPs Financial Tool Kit
Ryan Moreno, Partner and fund finance lawyer at DLA Piper, and Aryeh Landsberg, MD of investments at 17Capital, explain NAV loans and fund finance structures. They discuss NAV mechanics, SPV and collateral setups. They explore practical uses like liquidity for late‑vintage funds, reserve financing and accretive M&A. They compare banks versus private credit and consider adoption trends and future LTV shifts.
