Fund Finance

Experience

  • United States

    • A leading international private equity firm in the creation of a novel structured finance product which raised $700 million from various investors in the form of rated notes and equity. The transaction was structured to address insurance company risk-based capital charges when investing across a diverse portfolio of alternative fund products.
    • A U.S. fund with a focus on distressed assets in its $150 million subscription facility.
    • A U.S.-based international infrastructure fund in its $1.5 billion syndicated hybrid facility secured by capital call rights and distributions from portfolio investments.
    • Clayton, Dubilier & Rice in its $1.585 billion syndicated subscription credit facility.
    • U.S.-based real estate fund in two separate $250 million secured subscription facilities with Citibank.
    • Carmel Partners in two separate $200 million subscription credit facilities with Citibank.
    • Odyssey Investment Partners in its $200 million line of credit with Bank of Montreal.
    • One Equity Partners in its $200 million subscription credit facility with First Republic Bank.
    • Rockwood Capital in its $200 million subscription credit facility with Bank of America.
    • Stone Point Capital in two separate $200 million unsecured line of credits with Bank of Montreal.
    • U.S. private equity firm in its $200 million master facility to finance co-investment obligations of principals and employees.
    • HarbourVest Partners in its $195 million umbrella subscription credit facility with Silicon Valley Bank.
    • HarbourVest Partners in its $180 million umbrella subscription credit facility with Citibank.
    • Littlejohn & Co. in its $150 million subscription credit facility with Northern Trust.
    • HarbourVest Partners in its $150 million umbrella subscription credit facility with Citibank.
    • Littlejohn & Co. in its $150 million subscription credit facility with JPMorgan Chase.
    • Prudential Global Investment Management in its $150 million subscription credit facility with Wells Fargo.
    • Crescent Capital Group in its $140 million subscription credit facility with Lloyds.
    • HarbourVest Partners in multiple subscription credit facilities with JPMorgan Chase valued at €135 million.
    • Och-Ziff Capital Management in its $125 million subscription credit facility with HSBC.
    • Tenex Capital Management in its $102 million credit facility with Bank of Montreal. [
    • Adams Street Partners in its $100 million subscription credit facility with Goldman Sachs Bank.
    • JF Lehman in its $100 million subscription credit facility with First Republic Bank.
    • U.S.-based private equity fund in a $100 million secured debt-buyback facility with Natixis.
    • U.S.-based credit fund in its $100 million unsecured revolving subscription facility with Union Bank.
    • Rockwood Capital in its $125 million subscription credit facility with Citibank.
    • Global private equity and credit investment firm in $125 million secured revolving credit agreement for a management company.
    • HarbourVest Partners in multiple subscription credit facilities with Bank of America valued at $95 million.
    • Rockwood Capital in its $90 million subscription credit facility with JPMorgan Chase.
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    • Avanath Capital Management in its $70 million subscription credit facility with Wells Fargo.
    • HarbourVest Partners in its $70 million secondary portfolio acquisition facility with Nomura.
    • Littlejohn & Co. in its $50 million subscription credit facility with Northern Trust.
    • U.S.-based middle market private equity fund in its $42 million subscription credit facility with Citizens Bank.
    • HarbourVest Partners in multiple subscription credit facilities with Silicon Valley Bank valued at $20 million.
    • HarbourVest Partners in its $15 million SMA subscription credit facility with Silicon Valley Bank.
    • HarbourVest Partners in its CAD 15 million secured subscription facility bank
    • U.S. middle-market private equity firm in $5 million management company secured line of credit with JPMorgan Chase.
    • HarbourVest Partners in its $3 million sponsor-backed principal/employee co-investment facility with First Republic Bank.
  • Europe

    • An infrastructure fund managed by EQT in a subscription facility of initially €2.7 billion (with an upper limit of around €5 billion) with a large club of lenders. The facility incorporates innovative environmental, social and governance mechanics, which impact the margin payable to the lenders.
    • A flagship private equity fund managed by EQT in a subscription facility of initially more than €2.3 billion (with an upper limit of €5 billion) with a large club of lenders. The facility incorporates innovative environmental, social and governance mechanics, which impact the margin payable to the lenders. At the transaction date, it is the first ESG-linked subscription facility of this size across the global fund finance markets. The work was recognized by the British Legal Awards in naming Debevoise as it’s Banking and Finance Team of the Year.
    • Solenis International in its multi country accounts receivable factoring facilities with ING Luxemburg SA and MUFG Bank.
    • A leading European mid-market buyout fund in its £165 million subscription line facility.
    • A Glendower Capital secondary opportunities fund in its hybrid facility with a syndicate of lenders.
    • An umbrella facility for SMAs managed by EQT.
    • Funds managed by EQT in multiple subscription line facilities, including an infrastructure fund in €1.2 billion of subscription facilities, a mid-market equity fund in €400 million of subscription facilities, a credit opportunities fund in €160 million of subscription facilities, a credit opportunities fund in €300 million of subscription facilities, a venture capital fund in €125 million of subscription facilities together with a separate FX facility, a European mid-market credit fund (structured to include a Luxembourg securitization vehicle) in €79 million of subscription facilities, and a European mid-market credit fund in €208 million of subscription facilities using an umbrella structure.
    • A private equity fund managed by EQT in €3.23 billion of subscription line facilities with a club of fourteen lenders.
    • Park Square Capital in multiple subscription line facilities, including its €250 million subscription line facility with Wells Fargo, its $100 million subscription facility with Wells Fargo and SMBC, its $125 million subscription line facility with Wells Fargo and SMBC, and its €125 million subscription line facility with SMBC.
    • Leading European secondaries fund in $500 million of subscription facilities.
    • Park Square in its €446 million “hybrid” fund level multicurrency term and revolving facilities agreement with UBS.
    • European mezzanine debt fund in its €450 million of syndicated subscription facilities.
    • Two leading European real estate funds in their $450 million of subscription facilities.
    • European alternative investment management firm in its €300 million hybrid NAV/subscription facilities.
    • Leading European leveraged senior debt fund in its $230 million of syndicated subscription facilities.
    • A secondary opportunities fund in its hybrid NAV/capital call facility of around $170 million, providing for a combination of term and revolving debt, among other things, to refinance an existing capital call facility.
    • Park Square Capital in multiple SMA facilities, including its £30 million SMA facility with Wells Fargo and SMBC, its $100 million SMA facility with Wells Fargo and SMBC, and its $25 million SMA facility with SMBC.
    • Metric Capital Partners in its €100 million subscription facility with Citibank.
    • A European real estate fund in its £100 million subscription facility.
    • Separate account of a European debt fund in its $100 million of subscription facility.
    • European middle-market private equity fund in its £50 million subscription facility.
    • LeapFrog Investments in its $50 million capital call facility with Standard Chartered Bank.
    • Two European general partners in their £7 million unsecured overdraft facilities.
    • Tishman Speyer European Real Estate Venture Fund VIII in its capital call facility with ING.
    • Apera Capital in its capital call facility with RBS.
    • Various TRS and repo financing transactions for funds managed by EQT.
  • Asia

    • Navis Capital Partners in its subscription facility with JP Morgan for Navis Asia Fund VIII LP.
    • A leading Chinese private equity firm in a $170 million umbrella subscription line facility with Citibank N.A.
    • A Morgan Stanley-managed private equity fund in its $70 million capital call facility with Bangkok Bank.
    • Asian equity-related securities fund in $750 million of syndicated subscription facilities.
    • Leading Chinese private equity fund in its $350 million of subscription line facilities.
    • A leading Asian real estate fund in its $200 million secured subscription financing.
    • Navis Capital Partners in its $150 million subscription line facility with Citibank, N.A. for Navis Asia Fund VII.
    • Leading Asian real estate fund in its $100 million secured subscription financing.
    • Leading Asian fund manager in its $35 million secured manager support facility.
    • Advantage Partners in a subscription facility with Sumitomo Mitsui Banking Corporation.