Simpson Thacher & Bartlett LLP today announced that Julia Kohen and Jennifer Levitt have been named as Co-Heads of the Firm’s Fund Finance Practice. They succeed Mary Touchstone, who helped to establish Simpson Thacher as a global leader in fund finance.
“Julia and Jennifer are exceptionally talented lawyers and leaders who are known for their creativity and commercial acumen, and they will be tremendous assets to our clients and the Fund Finance Practice in their new role,” said Alden Millard, Chair of Simpson Thacher’s Executive Committee. “Mary is a trailblazer in fund finance and has played a significant role in the development of the field, as well as in the success and growth of our team. We thank her for her many contributions to the Firm.”
Julia represents financial sponsors in complex subscription credit facilities and NAV financings for funds across several asset classes, including private equity, real estate, energy, infrastructure, secondaries, credit and other strategies, as well as on management lines and co-investment loan programs. She has extensive experience structuring complicated financing arrangements designed to provide fund-level leverage to facilitate and support investment activities.
Jennifer guides financial sponsors in debt financings for their private equity, real estate, infrastructure, mezzanine debt and other types of investment funds. She develops creative financing solutions designed to address the complex fund-level leverage needs of sponsors and to facilitate and support investment activities. These include, subscription facilities, NAV facilities, margin loans, other forms of back-leverage and GP stake investments.
“As the fund finance market continues to grow both in terms of participants and products, we continue to develop bespoke financing solutions for our clients,” said Julia. “We’re able to leverage our market-leading experience to provide forward-looking, value-add advice and that’s due to the strength and creativity of our team. We’re very excited to take on this new role,” said Jennifer.
Simpson Thacher’s Fund Finance Practice complements the Firm’s renowned Private Funds Practice in developing bespoke, innovative transactions across all aspects of the investment management business to provide clients with leverage solutions throughout the capital structure, whether at the firm, fund or asset-level. The team represents leading sponsors around the globe on cutting-edge deal structures, including secured and unsecured subscription facilities, NAV-based facilities and loan programs, registered fund financings, margin loans, liquidity financings and portfolio-level financings.
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