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...
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