Financing Your Private Debt Platform – Lending & Secured Finance 2024

Over the past several years, the array of financial products available to managers seeking to leverage their investment portfolios has expanded significantly. The chapter titled “Financing Your Private Debt Platform” in International Comparative Legal Guide’s Lending & Secured Finance 2024 provides a comprehensive overview of the various financing options that private debt fund managers have utilized recently. Dechert partners Jay Alicandri, Christopher Duerden, Ian Hartman, Angelina Liang and Edward Newlands served as co-authors on this chapter.

Key products discussed include:

• Senior Secured Facilities: Asset-based loans (ABLs), loans-to-SPVs (special purpose vehicles), hybrid subscription and ABL lines, collateralized loan obligations (CLOs), and hybrid variants.
• Unsecured Notes: Rated notes, baby bonds, and convertible notes.
• Structured Credit Products: Repurchase agreements, total return swaps, and forward contracts.

Each of these products serves different purposes and is provided by distinct investor groups, offering a broad spectrum of opportunities for fund managers. Learn more by reading the full chapter below.