Dechert Advises Sound Point Capital on Final Close of US$1.5 Billion Strategic Capital Fund III

Dechert advised global alternative credit manager Sound Point Capital Management, LP (“Sound Point”) in connection with the formation of Strategic Capital Fund III (“SCF III”), which has held its final closing at US$1.5 billion.

SCF III, which reached its hard cap after being substantially oversubscribed, expands the scale of Sound Point’s Capital Solutions platform, enabling it to structure short-duration investments across a wide range of market conditions.

Sound Point is a diversified alternative asset management firm with an expertise in credit. Based in New York City, with offices in London, Greenwich, West Palm Beach and San Francisco, the firm manages money on behalf of institutional investors, including top-tier pensions, foundations, insurance companies, wealth management firms and family offices.

Financial services partner Gerry Brown led the Dechert team advising Sound Point alongside associates Diana Tao and Shruti Patel. The team also included corporate and securities partner Ross MacConnell with counsel Inna Vysman and junior transactional associate Michael Griffith, employee benefits partner John Schuch and global tax partner Jeff Kang.

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