Key Takeaways
- • Latham & Watkins LLP advised a family office on a US$650 million NAV facility refinancing, which the firm describes as one of the largest NAV facilities ever completed for a family office.
- • The facility comprised US$162.5 million of revolving loans and US$487.5 million of term loans.
- • The Latham team was led by Fund Finance partner Benjamin Berman and counsel Donald Cooley, with corporate advice from partners Haim Zaltzman, Benjamin Cohen, and Rafal Gawlowski and tax advice from partner Elena Romanova.
Summary
Latham & Watkins LLP has advised a family office on the closing of a US$650 million net asset value (NAV) facility refinancing, according to the firm's announcement dated October 22, 2026. The firm characterized the transaction as one of the largest NAV facilities ever completed for a family office.
The financing was structured as US$162.5 million of revolving loans and US$487.5 million of term loans. NAV facilities are typically secured against the value of a fund's or investment portfolio's underlying assets, and the refinancing gives the family office a substantial layer of committed capital.
The Latham team representing the family office was led by Fund Finance partner Benjamin Berman and counsel Donald Cooley, supported by associates Adam Deutsch, Drew Weisberg, and Ted Mathiowetz. Corporate matters were handled by partners Haim Zaltzman, Benjamin Cohen, and Rafal Gawlowski, with associate Shawn Noh, and tax matters by partner Elena Romanova.
The announcement is a law firm deal notice and does not disclose the lenders, the family office's identity, or the facility's pricing terms.
The financing was structured as US$162.5 million of revolving loans and US$487.5 million of term loans. NAV facilities are typically secured against the value of a fund's or investment portfolio's underlying assets, and the refinancing gives the family office a substantial layer of committed capital.
The Latham team representing the family office was led by Fund Finance partner Benjamin Berman and counsel Donald Cooley, supported by associates Adam Deutsch, Drew Weisberg, and Ted Mathiowetz. Corporate matters were handled by partners Haim Zaltzman, Benjamin Cohen, and Rafal Gawlowski, with associate Shawn Noh, and tax matters by partner Elena Romanova.
The announcement is a law firm deal notice and does not disclose the lenders, the family office's identity, or the facility's pricing terms.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.