Dechert Leads NewStar In $505M Credit Fund Closing

Law360, New York (December 1, 2016, 8:13 PM EST) -- Dechert LLP has advised NewStar Financial Inc. in the closing of the NewStar Berkeley Fund, a $505 million middle-market managed credit fund, as the specialized finance company develops its asset management business, the company said Wednesday.

The fund, structured as a collateralized loan obligation, or CLO, and managed for qualified institutional investors, represents the fourth credit fund sponsored by Boston-based NewStar in a series of managed credit funds focused on middle-market senior debt and originated via the company’s direct lending platform, according to NewStar.

“The Berkeley...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.