ARTICLE
20 June 2025

Financing Your Private Debt Platform

D
Dechert

Contributor

Dechert is a global law firm that advises asset managers, financial institutions and corporations on issues critical to managing their business and their capital – from high-stakes litigation to complex transactions and regulatory matters. We answer questions that seem unsolvable, develop deal structures that are new to the market and protect clients' rights in extreme situations. Our nearly 1,000 lawyers across 19 offices globally focus on the financial services, private equity, private credit, real estate, life sciences and technology sectors.
Over the last several years, financing options for private debt platforms have become increasingly diverse, leading to a broad range of products being available to managers who are seeking to leverage their investment portfolios.
United States Finance and Banking

Over the last several years, financing options for private debt platforms have become increasingly diverse, leading to a broad range of products being available to managers who are seeking to leverage their investment portfolios. In the chapter titled "Financing Your Private Debt Platform" in International Comparative Legal Guide's Lending & Secured Finance 2025, Dechert partners Jay Alicandri, Christopher Duerden, Ian Hartman, Angelina Liang and Edward Newlands provide a comprehensive overview of the various financing options that private debt fund managers have utilized recently.

Key products discussed include:

  • Senior Secured Facilities: Asset-based loans (ABLs), loans-to-SPVs (special purpose vehicles), hybrid subscription and ABL lines, collateralized loan obligations (CLOs), and hybrid variants.
  • Unsecured Notes: Rated notes, baby bonds, and convertible notes.
  • Structured Credit Products: Repurchase agreements, total return swaps, and forward contracts.

Each of these products serves different purposes and is provided by distinct investor groups, offering a broad spectrum of opportunities for fund managers. Learn more by reading the full chapter below.

READ THE FULL CHAPTER HERE

Originally published by International Comparative Legal Guide's Lending & Secured Finance 2025.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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