PEI Recognizes Funds and Multi-Tranche Finance Teams
December 6, 2016 (BOSTON, NEW YORK) – Proskauer has been nominated once again for Law Firm of the Year in multiple categories by PEI’s Annual Awards. The awards recognize high performance and key market players across the asset class. Private Debt Investor and Private Equity International nominated the Firm for its transactional, fund formation and secondaries work as Law Firm of the Year in both the Americas and European categories.
Work highlights in these areas includes Proskauer’s representation of TPG in its role in the largest unitranche financing to date; a $1.1 billion financing for Qlik Technologies led by Ares Capital Corporation (which is nominated for the Americas Deal of the Year); the Firm’s work advising Ares on a $7.85 billion mid-market buyout fund, and Gilde Buy Out Partners on a €1.1 billion mid-market buyout fund; as well as a busy year on the secondary side advising Ardian on its acquisition of USS’s $917 million portfolio, in addition to secondaries work for Adams Street Partners, HQ Capital and Lexington Partners.
During the past year, Proskauer’s Private Investment Funds Group has represented 80+ funds representing more than $30 billion in committed capital, and brought 70+ secondaries transactions across the finish line with total deal values of more than $5 billion.
The Firm’s Multi-Tranche Finance Group exclusively represents over 60 alternative lenders, including private debt funds, BDCs, insurance companies, asset managers, finance companies, family offices and other sources of private debt capital in the United States and European markets. In the past three years, the Multi-Tranche Finance Group has closed approximately 150 deals each year.