Tom Howland is a Partner in the Firm’s Fund Finance Practice and a member of the Banking and Credit Practice. Tom’s practice is focused on advising asset managers and their sponsored funds and portfolio companies across asset classes in bank financings such as NAV, hybrid and subscription facilities, firm or management company facilities, holdco loans, mezzanine loans, margin loans and other forms of backleverage. He also advises them in raising capital from insurance companies, debt funds and other non-bank sources through alternative structures, including private placements, securitizations, asset-backed notes and rated feeders, as well as on the financing aspects of asset management M&A. Tom has recently represented clients including BGO, Blackstone, Centerbridge, KKR, Macquarie, Northwood, Platinum Equity, Stonepeak and TCV. Tom was recognized as a 2024 “Rising Star” by the Fund Finance Association.
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Work Highlights
- NAV-based facilities and hybrid variations secured or otherwise supported by portfolio investments and other fund assets
- Holdco loans and other backleverage financings secured or otherwise supported by interests in private or public investments, with or without fund-level credit support
- Subscription facilities secured by uncalled capital commitments and related rights, with borrowing base capacity for the fund, as well as its parallel funds, alternative investment vehicles and portfolio investments
- Private placements supported by asset manager or fund assets and other structured financings focused on raising debt capital from insurance companies, debt funds and other non-bank sources
- Firm facilities, management fee lines and general partner facilities provided to asset managers for working capital purposes
- Fund guarantees, ECLs and other credit support for portfolio investments
- Letter of credit facilities supported by fund and/or portfolio investment assets
- Co-investment loan programs made available, directly or indirectly, to employees and secured by their fund interests
Accolades
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Fund Finance Association 2024 “Rising Star”
Education
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University of Chicago Law School, 2017 J.D.
With Honors; Order of the Coif; Kirkland & Ellis Scholar; The Joseph Henry Beale Prize for Outstanding Legal Writing
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University of California - Irvine, 2014 B.A.
magna cum laude
Tom Howland is a Partner in the Fund Finance Practice and a member of the Banking and Credit Practice in Simpson Thacher’s Los Angeles office. He has significant experience structuring complicated financing arrangements designed to provide leverage at various levels of the fund capital structure, including for private equity, real estate, infrastructure, credit and other investment funds. Tom advises asset managers and their sponsored funds and portfolio companies in bank financings such as NAV, hybrid and subscription facilities, firm or management company facilities, holdco loans, mezzanine loans, margin loans and other forms of backleverage. He also advises them in raising capital from insurance companies, debt funds and other non-bank sources through alternative structures, including private placements, securitizations, asset-backed notes and rated feeders, as well as on the financing aspects of asset management M&A. Tom has recently represented clients including BentallGreenOak, Blackstone, Centerbridge, KKR, Macquarie, Northwood, Platinum Equity, Stonepeak and TCV.
Tom was named among the 2024 “Rising Stars” by the Fund Finance Association. He has been with Simpson Thacher since he received his J.D., with honors, in 2017 from the University of Chicago Law School and where he was elected to the Order of the Coif. He received his B.A., magna cum laude, from the University of California - Irvine. He is admitted to practice in California.