Oct 17 2024

Project Bloomingdale: Morningside fully realizes NAV loan investment with strong returns

Morningside Capital is pleased to announce the successful realization of its NAV loan investment in Project Bloomingdale. This transaction, initially closed in June 2021, provided liquidity and follow-on capital to a US middle-market buyout investment firm. Following the recent exit of a portfolio company, Morningside’s investment was fully repaid in October 2024.

Project Bloomingdale is representative of Morningside’s NAV-based financing investment strategy. By providing bespoke financing solutions to high performing private equity sponsors, we are able to deliver compelling risk-adjusted returns to our investors.