On this week's episode of The HPScast, host Colbert Cannon sits down with James Lumby and Todd Hooper, leaders of HPS's GP-LP Financing Solutions business, to explore the world of NAV financing and the range of private financing alternatives. Both former high-level rugby players who built parallel careers in London finance, James and Todd trace their paths to the Goldman Sachs desk where they spotted a business opportunity while working on a portfolio-financing transaction.
On this week's episode of The HPScast, host Colbert Cannon sits down with James Lumby and Todd Hooper, leaders of HPS's GP-LP Financing Solutions business, to explore the world of NAV financing and the range of private financing alternatives. Both former high-level rugby players who built parallel careers in London finance, James and Todd trace their paths to the Goldman Sachs desk where they spotted a business opportunity while working on a portfolio-financing transaction.
They offer a deep dive into the GP-LP financing landscape: how NAV financing grew from a nascent product into an institutional mainstay, why COVID proved a catalyst for the market, and the newer frontiers of management-company and limited partner-level financing. James and Todd also discuss what helps a lender win in this space.
Learn more about Todd’s & James’ work at HPS here. Check out my Best Idea for this week, the 2016 movie The Nice Guys, here.