Dechert Advises AGL Credit Management on Launch of Private Credit Platform and Cooperation Agreement with Barclays

Dechert advised AGL Credit Management LLC (AGL), a premier investment manager specializing in corporate credit strategies, on an exclusive cooperation agreement with Barclays Plc (Barclays), a global investment bank, and the launch of a new private credit investment platform, AGL Private Credit (AGL PC).

AGL PC will focus on directly originating senior secured loans to large corporate borrowers and will seek to capitalize on the convergence of the private credit, broadly syndicated loan and high-yield bond markets. The platform will operate as an independent credit manager with complete control over origination, asset selection, portfolio construction and portfolio management. AGL PC will have exclusive access to Barclays' deal flow and may also originate transactions directly.

The Dechert team that advised AGL included global finance partner Christopher Duerden; corporate partners Stephen Pratt and Thomas Friedmann, with associates Thomas Cheeseman and Beyond Bi; financial services partner David Bartels; and tax partner Ari Zak, with associate Mansi Seth.

About Dechert

Dechert is a global law firm that advises asset managers, financial institutions and corporations on issues critical to managing their business and their capital – from high-stakes litigation to complex transactions and regulatory matters. We answer questions that seem unsolvable, develop deal structures that are new to the market and protect clients’ rights in extreme situations. Our 1,000+ lawyers across 21 offices globally focus on the financial services, private equity, private credit, real estate, life sciences and technology sectors.