Fried Frank advised BlueBay Asset Management's Private Debt Group on the raising of its Direct Lending Fund III (the “Fund”), which reached a final closing with investable capital in excess of €6 billion. The Fund aims to provide financing solutions to upper and mid-market European businesses to facilitate M&A transactions, growth financing and re-financings. This is one of the largest private debt funds ever raised in Europe and is BlueBay's most successful fundraising in this area to date.
The Fried Frank team was led by asset management partners Kate Downey and David Christmas and included asset management partner Gregg Beechey; finance partner Jons F. Lehmann; tax partners Michelle B. Gold and Colin S. Kelly; executive compensation & ERISA special counsel Andrea L. Pollak; asset management associates Zac Mellor-Clark, Cameron Douglas, Piers Harris, Alistair Renton, Samuel Stenning, and Jamie Thomson; corporate associate Joanna D. Rosenberg; finance associate Graham Greenwood; tax associates Rebecca C. Freeland and Tzvi Weisz; and trainee associate Andrew Forrest.