How insurers backstopped the year’s biggest private credit deal

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How insurers backstopped the year’s biggest private credit deal

Shubham Saharan's avatar
Will Caiger-Smith's avatar
  1. Shubham Saharan
  2. +Will Caiger-Smith
6 min read

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Earlier this year, Vista Equity Partners pumped $1bn of fresh capital into its portfolio company Finastra to push a tricky debt refinancing over the finish line. The equity injection was funded by a NAV loan — some of which was ultimately placed with insurance companies.

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