April 17, 2020 (New York)— International law firm Proskauer advised Arbour Lane Capital Management, a private registered investment advisor focused primarily on opportunistic credit and special situation investments, on the closing of Arbour Lane Credit Opportunity Fund II, L.P.

The Fund was oversubscribed and closed at its hard cap of $1.2 billion of commitments, exceeding its initial target of $750 million. The Fund focuses on secured bank loans in mid-size structures and out of favor investments at the top of the capital structure, primarily senior secured debt and/or other first lien securities.

The Proskauer team was led by partner Monica Arora and included associates Alexia Boyarsky and Shummi Chowdhury (Private Funds), partner David Miller and associates Janicelynn Asamoto Park and Winnie Ma (Tax), and senior counsel Adam Scoll (ERISA).

Proskauer offers a full suite of services for the investment management industry, with a market-leading global team dedicated solely to advising asset managers, investment funds and their advisers, financial institutions and institutional investors across the asset class. The cross border team of over 150 lawyers is based in the U.S., UK, Asia and Latin America and includes specialists in tax, ERISA, regulation, financial services, employment, insurance, fund finance, litigation and risk management who understand the unique technical and commercial issues relevant to investment managers.