Advised on Credit Opportunities and Legal Assets Funds as well as Capital Formation for Asset-Backed Opportunities Platform
LONDON, July 2, 2025 – Leading international law firm Proskauer today announced that it advised NorthWall Capital (NorthWall), a leading alternative credit manager focused on Western Europe, on successful first closes for the most recent vintages of its flagship Credit Opportunities and Legal Assets funds, alongside continued capital formation for its Asset-Backed Opportunities platform.
These milestones contribute to a significant increase in institutional capital allocated to NorthWall strategies in 2025, with total firm assets under management (AUM) now reaching €2.9 billion, €1.6 billion of which has been raised this year.
NorthWall raised the following amounts across the three strategies Proskauer advised on:
- Credit Opportunities: €731 million raised at first close for the most recent vintage of NorthWall’s flagship opportunistic strategy, surpassing the total size of the predecessor fund.
- Asset-Backed Opportunities: €252 million raised to capitalize on a rapidly growing and increasingly institutionalized market for European asset-backed credit opportunities, particularly in sectors underserved by traditional lenders.
- Legal Assets: $169 million secured across NorthWall’s Legal Assets platform, extending the firm’s leadership in underwriting complex, uncorrelated loans to law firms, in a niche but expanding segment.
Proskauer previously advised on NorthWall’s European Opportunities Fund II, which exceeded its target and doubled in size from the predecessor fund.
The team was led by partner James Oussedik and included partner Frazer Money and associates Lidia Grasu, Joshua Jones, Gawa (Jiahua) Zeng, James May, Dongwei Wu and Saagar Chauhan (Private Funds); partners Jean Bertrand and David Miller (US Tax), and associates Susan Wiener (M&A), David Ward (UK Tax) and special ESG counsel Rachel Lowe (Regulatory).