Dechert Advises Brightwood on Assumption of Management of the Capital Dynamics’ Private Credit Funds

Dechert advised Brightwood Capital Advisors, LLC, a private credit firm with more than US$6 billion in assets under management, on the assumption of the management of two private credit funds previously overseen by Capital Dynamics.

Under the transaction terms, Brightwood will assume management of the funds’ portfolios, representing approximately US$300 million in commitments. The existing fund structures will remain in place, allowing current limited partners to maintain their investments with no further capital required.

This transaction highlights Brightwood’s continued commitment to direct lending to the U.S. middle market and its solution-driven approach.

The Dechert team that advised Brightwood was led by financial services partner William Bielefeld, corporate partner Ross MacConnell and associates Matthew Andonian and Patrick Sun, and also included financial services partners Hans Stamm and Gerald H. Brown, Jr., with associates Joe Dudley and Rivka Brandwein; tax partner Joshua Milgrim and associate Guen Park; global finance partner En-Min Chua; antitrust partner Michael Okkonen and counsel Beverly Ang; and junior transactional associates William Bohrer and Javier Pérez Rodríguez.

About Dechert

Dechert is the law firm that helps business leaders lead.

For more than 150 years, we have advised clients on critical issues – from high-stakes litigation to first-in-market transaction structures and complex regulatory matters. Our lawyers in commercial centers worldwide are immersed in the key sectors we serve – financial services, private capital, real estate, life sciences and technology.

Dechert delivers unwavering partnership so our clients can achieve unprecedented results.