By Lou Sokolovskiy

Net Asset Value (NAV) based lending—once a niche solution for seasoned private equity funds—is gaining traction as both a strategic liquidity tool for institutional investors and a direct source of flexible credit for asset-rich small and mid-size businesses (SMBs). Market participants expect the NAV lending market to expand from $44 billion in 2023 to $145 billion by 2030, according to Oaktree Capital Management.