This week’s newsletter reports on a net asset value loan that JPMorgan extended to Bayview Asset Management, a major customer for fund financing. That’s followed by a story on a subscription credit line backed by the private foundation belonging to investor and philanthropist Shelby M.C. Davis.
Bayview Asset Management
Lender: JPMorgan Chase Bank
Borrower: Bayview Opportunity (US) Master Fund VII
Loan Type: Net asset value loan
Collateral: Proceeds from certain investments and cash streams from asset-backed securities
The most recent vintage of Bayview Asset Management’s opportunity strategy arranged a credit line that will allow it to borrow against investments such as consumer loans and payments from asset-backed securities.