A front page story in today’s WSJ is entitled “Pension Funds Want Private Equity to Open Up About Fees and Returns.” The article notes that “An increasing number of [fund] managers borrow cash using so-called subscription lines and net-asset-value loans to lift short-term performance and the fees they charge.” Curious about net asset value (NAV) financing and private equity? Check out my article, Net Asset Value Financing and Private Equity in the U. Pa. L. Rev. Online.