Jessica Paletsky is Counsel in the Firm’s Fund Finance Practice. Jessica’s work is focused on crafting tailored financing solutions for investment funds with complex structures across a variety of asset classes, including private equity, real estate, credit, secondaries and infrastructure. She regularly advises financial sponsors on a wide range of fund-level financings, such as subscription facilities, NAV-based facilities and unsecured demand lines, among other bespoke arrangements. Jessica has extensive experience structuring co-investment loan programs, which provide opportunities for employees and other professionals to participate in investments, in addition to lines of credit for general partners and investment advisors, which provide liquidity for working capital and funding of capital commitment obligations. Jessica’s practice provides clients with flexible liquidity solutions that are increasingly essential for investment funds to competitively manage their businesses from fundraising through dissolution.
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Work Highlights
- Subscription facilities (also known as “capital call facilities”) secured by uncalled capital commitments and related rights, which provide borrowing capacity for investment funds, as well as their parallel funds, alternative investment vehicles, special purpose vehicles and portfolio companies
- Unsecured demand lines with an uncalled capital coverage requirement
- Fund guarantees of portfolio level investments
- NAV-based facilities and hybrid variations, including aftercare facilities for funds
- Co-investment loan programs made available, directly or indirectly, to employees, partners and other investment professionals and secured by their fund interests
- Management lines provided to investment advisors for working capital purposes
- Riverwood Capital in raising approximately $1.8 billion for its fourth-generation funds
Education
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University of Pennsylvania Law School, 2015 J.D.
Cum Laude
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Florida Gulf Coast University, 2008 M.B.A.
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Emory University, 2003 B.A.
George P. Cuttino Fellowship
Jessica Paletsky is Counsel in the Firm’s Fund Finance Practice. Jessica focuses on the representation of sponsors in connection with financings for their private equity and other investment funds. She has extensive experience structuring complex financing arrangements designed to provide fund-level leverage to facilitate and support investment activities.
Through her representation of diverse private equity sponsors, she has developed an acute understanding of custom and practice in the private funds marketplace. Jessica regularly advises on financings designed to facilitate and support fund investment activities, including subscription facilities, NAV facilities, hybrid subscription and other forms of backleverage. Jessica has represented clients including KKR, BC Partners, Blackstone, Lexington Partners, Alvarez & Marsal, New Mountain Capital and Riverwood Capital.
Jessica received her J.D., cum laude, from The University of Pennsylvania Law School and her B.A. from Emory University.