From experience comes unparalleled insight
We have led the way in the fast-expanding market for debt funds, designing innovative structures for funds and spearheading the trend towards exploiting synergies between private equity, hedge and listed fund structures in this sphere. Our integrated team is also familiar with handling the complex regulatory considerations particular to debt funds (including cross-border banking regulation and Solvency II) and determining tax-efficient structures for investing in this asset class.
Our debt fund lawyers have experience of acting on investment structures across the private debt spectrum, including direct lending funds, mezzanine funds, distressed and special situations funds, involving a range of asset classes, including real estate, infrastructure and corporate debt.
Expert legal advice on debt fund structures
Investors are also approaching debt opportunities in a variety of ways, with some comfortable to invest in traditional fund structures whereas others are seeking more customised solutions, whether it is a “fund of one”, a managed account, a bond issue or a structured product. We have advised clients on the different structures, whether for acquisitions or origination and in certain cases the flexibility to do both.
The terms for such debt funds and other structures are also evolving. So we are seeing different approaches to the economics (including the management fee, hurdle and incentivisation provisions), investment terms and investment period. The breadth of our experience gives us deep insight on the trends in the market to pro-actively guide our clients to achieve a successful fund closing.
Our experience in debt funds includes advising:
- Triton on its first Debt Opportunities Fund
- LaSalle Investment Management on their second European real estate debt fund
- ICG-Longbow on the establishment and listing of a new real estate debt fund
- Investindustrial on its fifth fund.
"Market-leading PE team is better than any other for real estate debt funds."