Fried Frank advised BlueBay Asset Management LLP on the raising of its Senior Loan Fund (the “Fund”), which has reached a final closing with investable capital, including leverage, in excess of €3 billion. The Fund has significantly exceeded its initial target, with strong support from existing investors in BlueBay's Private Debt business, as well as new institutional investors from Europe, North America, Asia and the Middle East. The Fund will aim to provide credit to upper mid-market European businesses through tailored financing solutions for leveraged buy-outs (LBOs), M&A, corporate financing, growth financing and refinancings. The Fund is BlueBay's third generation of Private Debt vehicles and complements its Direct Lending funds by focusing on larger, lower-levered, senior debt transactions.
The Fried Frank team in London included asset management partners Kate Downey, Mark Mifsud and Gregg Beechey; asset management associates David Christmas, Piers Harris, Natalia Kubik, Kayleigh Patrick and Zac Mellor-Clark; and asset management trainee Cameron Douglas.
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