A slower exit environment for limited partners on the back of elevated rates and inflation has helped drive tremendous growth for the world of NAV lending over the past couple of years. David Philipp, partner in the Fund Liquidity Solutions Group at Crestline Investors, walks through the journey of the asset class with Bloomberg Intelligence’s Noel Hebert and Sam Geier on this episode of Credit Crunch. The conversation gets into the evolution of the investor, public-market accessibility, synergies with adjacent Crestline strategies, LP concerns and much more.