Rated Note Feeders and Collateralized Fund Obligations: Latest Market Developments

Mr. Park represents clients on complex leveraged finance and corporate transactions. He regularly advises top private equity sponsors, hedge funds, investment banks and other financial institutions, including Goldman Sachs, BlackRock, Brookfield Asset Management, J.P.Morgan, Capital One, HPS Investment Management and RedBird Capital, as well as private and public companies. Mr. Park has a wealth of experience leading deal teams and his practice focuses on various types of transactions, including fund subscription and asset financings, acquisition financing, syndicated bank lending and private credit / direct lending.

Mr. Summers’ broad and sophisticated practice includes work on numerous subscription credit facilities, NAV loans and asset financings for asset managers, including for private equity and debt funds. In addition, he represents fund managers and lenders in financings of management company fees and other assets. Mr. Summers also advises investment banks, investment managers, private credit funds, bank and non-bank lenders across a wide range of complex credit and financing structures, including collateralized fund obligations, rated note feeders, NAV financings, hybrid facilities, back leverage facilities and subscription credit facilities. He has been lead counsel on many large and complex credit arrangements for preeminent lenders including Bank of America, Bank of Montreal, Citibank, Goldman Sachs, Jefferies, JP Morgan, Morgan Stanley and Wells Fargo for leveraged buyouts and other corporate loans. Mr. Summers also regularly represents private credit lenders on a variety of transactions. Recognized as a thought leader in the fund finance market, Mr. Summers regularly speaks at conferences and participates in panel discussions addressing NAV-based financing facilities and other finance hot topics and issues.

Mr. Zell represents financial sponsors in arranging debt financings for their private capital funds and hedge funds, including private credit funds, secondaries funds, private equity funds and infrastructure funds. He leads transactions across a wide range of complex credit and financing structures, including collateralized fund obligations, rated note feeders, NAV financings, hybrid facilities, back leverage facilities, subscription credit facilities and cash flow facilities. Mr. Zell also represents financial sponsors in achieving liquidity solutions for their management companies and carry vehicles by way of private placements and loan arrangements. Hel has an expertise in the financing of management fee, performance fee and GP commitment fee streams. He is the market leader in GP stake securitization notes offerings and financings. Mr. Zell, recognized as a thought leader in the fund finance market, regularly speaks at conferences and participates in panel discussions addressing NAV-based financing facilities, the securitization of fund finance and finance hot topics and issues. He has also co-authored chapters in prior editions of Global Legal Insights’ Fund Finance guide, which covers legal trends and developments in the greater fund finance market.