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Private Credit & Alternative Lending

Financing Structures Built for Deals That Don't Fit a Bank Template

Averites advises private credit funds, alternative lenders, investment managers, borrowers and sponsors on direct lending and other privately negotiated financing transactions.

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OUR APPROACH

How We Advise on Private Credit and Alternative Lending

  1. Why Private Credit Has Become a Significant Source of Capital

    Private credit has become an increasingly important source of capital for acquisitions, growth companies, portfolio companies, real estate and infrastructure investments and businesses requiring financing structures that may not fit traditional bank lending.

  2. Flexibility That Requires More Heavily Negotiated Terms

    These transactions often allow greater flexibility in structure, but they can also involve more heavily negotiated economics, covenants, collateral and investor protections. We advise both capital providers and borrowers on designing financing arrangements that reflect the particular credit profile and commercial objectives of the transaction.

  3. Structures We Work With

    Our work includes senior and subordinated loans, unitranche and similar structures, mezzanine financing, bridge facilities, asset-based lending, recurring revenue and growth-company financings, preferred or structured capital and other bespoke credit arrangements.

  4. Advising Private Credit Providers

    For private credit providers, we advise on due diligence, credit documentation, collateral, guarantees, financial and operating covenants, information rights, intercreditor arrangements, equity participation and enforcement protections.

  5. Advising Borrowers and Sponsors

    For borrowers and sponsors, we focus on preserving operational and transactional flexibility, including appropriate capacity for acquisitions, additional financing, investments, distributions and other corporate activity during the term of the facility.

  6. Financing for Investment Structures and Private Capital Participants

    We also advise on financing provided to investment structures and private capital participants, including appropriate fund, portfolio and asset-level facilities where the transaction falls within our broader private capital practice.

  7. Where Private Credit Meets Investment

    Because private credit transactions frequently sit between traditional lending and investment, our Finance lawyers work closely with the firm’s Investments & Capital Markets, Corporate & M&A and Tax practices to address equity participation, conversion rights, warrants and other features that may form part of the overall financing.

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Precision across borders. Book a Meeting

New York c/o Chornous Law PLLC
30 Wall Street, 8 Floor
New York, NY 10005 Phone: +1 650 382 7764
London 124 City Road
London, England
EC1V 2NX Phone: +44 7405 138109
Kyiv 11 Panasa Myrnoho Street
Office 1/1
Kyiv, 01011 Phone: +380 63 148 27 37

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FAQ

Frequently Asked Questions

  • Private credit has become an increasingly important source of capital for acquisitions, growth companies, portfolio companies, real estate and infrastructure investments and businesses requiring financing structures that may not fit traditional bank lending.

    • Not necessarily. These transactions often allow greater flexibility in structure, but they can also involve more heavily negotiated economics, covenants, collateral and investor protections. We advise both capital providers and borrowers on designing arrangements that reflect the specific credit profile and objectives of the transaction.

      • Our work includes senior and subordinated loans, unitranche and similar structures, mezzanine financing, bridge facilities, asset-based lending, recurring revenue and growth-company financings, preferred or structured capital and other bespoke credit arrangements.

        • We advise on due diligence, credit documentation, collateral, guarantees, financial and operating covenants, information rights, intercreditor arrangements, equity participation and enforcement protections.

          • We focus on preserving operational and transactional flexibility, including appropriate capacity for acquisitions, additional financing, investments, distributions and other corporate activity during the term of the facility.

            • Yes. We advise on financing provided to investment structures and private capital participants, including appropriate fund, portfolio and asset-level facilities where the transaction falls within our broader private capital practice.

              • Because private credit transactions frequently sit between traditional lending and investment, our Finance lawyers work closely with the firm’s Investments & Capital Markets, Corporate & M&A and Tax practices to address equity participation, conversion rights, warrants and other features that may form part of the overall financing.