Borrow against your fund's portfolio to double down on your winners even after the fund is fully called and deployed.
Read our NAV Loan DeckPrivate equity firms have relied on NAV loans for decades as a core investment tool: Bain's 2025 Private Equity Outlook credits them with helping push PE cash flow to breakeven in 2024.
For venture capital, the use case is straightforward. If your firm holds pro rata rights in your fund's biggest winners, a NAV loan lets the fund invest further without SPVs or cross-fund investments.
Turbine provides NAV loans purpose-built for VC firms. Structured around venture portfolios, priced for the asset class, and designed to move at the speed deals require.
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Access capital in weeks, not months. LPAC approval may be required.
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Secured against the fund's portfolio, with institutional-grade structuring from Turbine's partner network of globally recognized banks and asset managers.
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Deploy into follow-on rounds and recaps for your strongest companies. Repay when other positions exit, capturing upside your firm would otherwise miss.
Most firms have two options after a fund is fully called and deployed. NAV loans are a powerful third path.
Get in touchFast, with no LP ask and fund-level upside.
Borrow against the whole portfolio to invest further into existing companies. Repay when any position exits, rebalancing the fund toward its biggest winners.
Slow, complex, and LP-dependent.
Requires a new legal entity and a fresh raise from LPs, unpredictable in today's market, with added legal, accounting, and timeline risk.
Limited, LP-only, and a relationship risk.
Handing pro rata rights to one large LP excludes the others and the fund gives up its own upside on the investment.
Reach out to explore liquidity options today.
Book a demoTurbine Finance enables venture funds to give financial flexibility to their investors. Founded by experienced VC and banking professionals, Turbine is an invite-only liquidity solutions provider that works with leading investment funds, banks, and capital partners. Contact us today to explore partnership opportunities.
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