Debevoise has extensive experience in all aspects of fund-level financing transactions, acting both borrower and lender side, for different types of investment funds.
The team regularly represents sponsors in a broad range of transactions, including subscription credit facilities, net asset value financings and other asset-based financings, hybrid facilities, management company liquidity facilities, GP financings, co-investment facilities, collateralized fund obligation transactions and rated feeder structures. The team also regularly represents lenders in net asset value financings and other asset-based financings and hybrid facilities.
The Group’s fund clients in the fund financing area include private equity funds, secondary funds, infrastructure funds, real estate funds, hedge funds and mezzanine and other debt funds. Their fund formation and fund financing transactions often involve complex multi-fund, AIV, parallel fund and master-feeder fund structures, and many of our transactions are multijurisdictional in nature.
The Group’s lender clients in the fund financing space include banks, investment banks and credit funds who invest in innovative and complex lending structures and who are market leaders in the fund finance space.
The team’s finance lawyers work closely with the firm’s other practice groups, including fund formation, tax and ERISA lawyers on fund financing transactions and take a pragmatic and business-oriented approach to develop and implement the best solutions for the firm’s clients.
Debevoise’s fund finance practice is globally renowned, with strong teams with a deep bench in the U.S., Europe and Asia. Debevoise lawyers are fluent in both U.S. and European markets and technologies, and use their expertise to formulate the most effective solutions for clients.