Navigating Wealth
Navigating Wealth
Long Angle
Illiquid Assets You Can't Sell? Borrow Against Them - Alex Branton
58 minutes Posted Jul 15, 2026 at 7:51 pm.
- Navigating Illiquid Assets and Borrowing Options
- Understanding Loan Terms and Market Dynamics
- Evaluating the Cost of Capital & Borrowing Motivations
- Complexity in Underwriting & Legal Considerations
- Loan Structures & Payment Terms
- The Evolution of Lending Markets
- Navigating Supply and Demand in Lending
- Structuring Capital for Smaller Transactions
- Understanding Valuations and NAV in Lending
- The Dynamics of Secondary Markets and Valuation Discrepancies
- Learn more about Alex Branton
0:00
58:56
Download MP3
Show notes

Alex Branton runs NAV lending at Nodem Capital, one of the few firms financing the illiquid end of private wealth, where he sees roughly 150 portfolios a year and underwrites about 20. 

He breaks down why banks won't lend against private equity and venture no matter how large the portfolio, and how to weigh borrowing against a private book versus selling it at a steep secondary discount. 

If you're holding illiquid assets you can't easily sell, he lays out what separates a facility worth taking from one that quietly turns debt into equity risk.

🔔 Please Subscribe and Hit the Bell: https://www.youtube.com/@NavigatingWealthPodcast?sub_confirmation=1

Discover More From Long Angle
👉 YouTube: https://www.youtube.com/@NavigatingWealthPodcast
👉 Beyond Wealth Newsletter: https://langle.co/bwnews
👉 Research & Studies: https://www.longangle.com/research
━━━━━━━━━━━━━━━━━━━━
Resources & Links
👥 Become a Member: longangle.com/navigatingwealth
📤 Get Episode Release Notifications: https://www.longangle.com/navigating-wealth-podcast
━━━━━━━━━━━━━━━━━━━━
Socials
💼 LinkedIn: https://www.linkedin.com/company/long-angle
🅧 Twitter/X: https://x.com/LongAngleHNW
📸 Instagram: https://www.instagram.com/longanglehnw/
📘 Facebook: https://www.facebook.com/longanglehnw

Long Angle is a private, vetted global community of accomplished entrepreneurs, executives and professionals who have reached meaningful financial milestones and want to navigate wealth with peers who understand their challenges, opportunities, responsibilities and ambitions.

Hosted by the founders of the Long Angle community, Navigating Wealth explores how experienced investors, founders and operators approach the real questions wealth creates, from private markets and capital allocation to business exits and life design.