CVC Credit Partners' $600 Million Risk Retention Capital Raise

June 30, 2017

London – Paul Hastings LLP, a leading global law firm, announced today that it has advised CVC Credit Partners on the structuring and establishment of CVC Credit Partners Global CLO Management Limited, providing CVC Credit with risk retention capital for its global CLO business. The investment entity, CVC Credit Partners Global CLO Management Limited, reached its final close in June at the very top end of its target of $600 million.

CVC Credit Partners Global CLO Management Limited will have the exclusive right to take majority positions in CLO equity of CVC Credit Partners’ US and European CLOs with the intent to comply with both the US and European CLO risk retention rules.

The Paul Hastings team was led by partner Christian Parker and featured a core team of associates Karen Stretch, Karina Bielkowicz, and Shanel Hassan; tax partner Arun Birla and senior associate Jiten Tank in London and counsel David Makso in New York; US. regulation counsel Wendell Faria in Washington D.C.; and London partner Peter Schwartz providing assistance on U.S. securities issues.

Mourant Ozannes LLP served as a Jersey counsel; Linklaters LLP provided Luxembourg law advice; Cadwalader, Wickersham, Taft LLP provided regulatory advice in the US and the EU; and Herbert Smith Freehills LLP advised Goldman Sachs, the joint placement agent.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.