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Andrew Husdan Joins Kirkland & Ellis as Debt Finance Partner

2024-11-26

Andrew Husdan's significant move to join Kirkland & Ellis as a partner in its debt finance practice has brought a wealth of expertise to the firm. With a diverse practice encompassing syndicated and bilateral fund financings, manager/GP facilities, subscription/capital call facilities, continuation fund leverage, and NAV-based facilities, he is set to make a mark in the industry. His regular involvement in complex leverage solutions for funds and their managers, along with short-term, deal-specific equity and exit bridges advanced to funds across multiple jurisdictions and asset classes, showcases his extensive capabilities.

Unlock the Potential of Debt Finance with Andrew Husdan at Kirkland & Ellis

Syndicated and Bilateral Fund Financings

Andrew Husdan's expertise in syndicated and bilateral fund financings is a key aspect of his practice. This involves working with multiple lenders to provide funds for various investment activities. By leveraging his knowledge and connections, he ensures that funds are sourced efficiently and effectively, enabling clients to pursue their investment goals with confidence. For example, in a recent case, he successfully coordinated a syndicated loan for a large fund, facilitating the acquisition of a portfolio of assets. This not only provided the necessary capital but also strengthened the fund's position in the market.

Manager/GP Facilities

Manager/GP facilities play a crucial role in the fund management industry. Husdan's proficiency in this area allows him to assist fund managers in obtaining the necessary financing to operate and grow their businesses. He understands the unique needs of managers and works closely with them to design customized financing solutions. By providing access to capital, he helps managers enhance their operational capabilities and drive performance. For instance, he has helped several managers secure facilities to support their expansion plans, enabling them to take on new investment opportunities and increase their asset under management.

Subscription/Capital Call Facilities

Subscription/capital call facilities are essential for funds to raise capital from investors. Husdan's experience in this domain enables him to guide funds through the process of attracting and managing investor capital. He ensures that the facilities are structured in a way that meets the needs of both the fund and the investors. By providing timely and efficient capital calls, he helps funds maintain their liquidity and meet their investment obligations. For example, he has worked on several subscription/capital call facilities for alternative funds, helping them raise significant amounts of capital and achieve their fundraising targets.

Continuation Fund Leverage

Continuation fund leverage is a complex area that requires specialized knowledge. Husdan's expertise in this field allows him to assist funds in leveraging their existing assets to raise additional capital. By structuring continuation fund leverage transactions, he helps funds extend their investment lifecycles and continue to generate returns. He also manages the associated risks and ensures compliance with regulatory requirements. For instance, he has been involved in several continuation fund leverage deals, enabling funds to unlock the value of their portfolios and pursue new investment strategies.

NAV-Based Facilities

NAV-based facilities are based on the net asset value of a fund. Husdan's understanding of this concept allows him to design financing solutions that are tied to the performance of the fund. By using NAV as a benchmark, he helps funds access capital based on their actual asset values. This provides a more accurate reflection of the fund's financial position and enables it to obtain financing at more favorable terms. For example, he has worked on several NAV-based facilities for real estate funds, allowing them to raise capital for property acquisitions and development projects.