Dechert Advises CVC Credit Partners in Formation of New Fund
April 22, 2020
Dechert has advised CVC Credit Partners in successfully raising $657 million for its second U.S. focused direct lending fund, CVC Credit Partners U.S. Direct Lending Fund II. The new fund will follow the same strategy as its predecessor fund, investing in established U.S. middle market businesses. The new fund surpassed its $500 million target and is also larger than its predecessor fund.
The Dechert team was led by partner Russel Perkins advising on the fund formation, along with partner Carl de Brito and associates Lindsay Trapp, Christopher Ujkic, Matthew Keehn and Aiman Tariq. Partners Adrienne Baker and Ari Zak provided tax advice, while counsel Simon Wright provided international private placement advice.
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