A lender-side practice, built for the market as it is
We represent banks, private credit funds, and asset managers across the full fund finance product set, including subscription and capital call facilities, net asset value (NAV) and asset-backed loans, hybrid facilities bridging subscription and NAV, general partner (GP) and management company financing, rated feeder funds and CFO issuances, as well as back-leverage and structured debt solutions.
Our lender-side orientation shapes how we draft, negotiate, and close – drawing on patterns we see across the market rather than one fund family at a time. We also represent sponsors and anchor investors on select mandates, particularly where insurance capital, ratings considerations, or complex fund structures intersect with our core lender practice.
Why clients choose DLA Piper
Lender-side judgment, sharpened by both-sides experience. We anticipate where credit committees push, where investor side letters resist, and where rating agencies probe – because we’ve sat on both sides of those conversations.
The full product shelf. Private equity NAV, credit NAV, subscription credit facilities, hybrids, rated feeders, back-leverage. Few practices cover the whole range, and fewer still execute across all of it on a regular basis.
Insurance and institutional capital fluency. As insurance balance sheets and rated capital reshape fund finance, we structure transactions that meet RBC, Solvency II, and BSCR realities – not just credit appetite.
Integrated global execution. Multi-jurisdictional deals require coordination across investment fund, finance, regulatory, and tax regimes. We staff them from a single team that has built a real rapport from over ten years of experience working together.
How we work
Our fund finance lawyers work alongside DLA Piper’s Structured Finance, Investment Funds, Tax, Regulatory, and Capital Markets groups, so financing structures align with fund documents, side letters, and regulatory requirements from day one. With a core team in New York and capabilities in London, Luxembourg, Dublin, Hong Kong, Singapore, Chicago, Silicon Valley, and Dubai, we execute multi-jurisdictional transactions on the timelines lenders and their clients require.
