Arran Kandola
Overview
Arran Kandola is a debt finance partner in the London office of Kirkland & Ellis International LLP. Arran focuses exclusively on borrower-side fund finance, advising sponsors across a range of asset classes on a variety of fund financing products, including capital call/subscription facilities, NAV facilities, hybrid facilities, co-invest facilities, GP/executive support facilities, exit bridges, leverage for secondary (continuation fund) transactions, preferred instruments and other bespoke fund financing structures. He has advised on some of the largest European fund finance transactions to date.
Prior to joining Kirkland, Arran represented lenders on a wide range of fund-level financings.
Select Fund Finance Clients
Advent International, AEA Investors, Apax Partners, Ardian, Antin Infrastructure Partners, Apheon (f/k/a Ergon Capital), Arrow Global Group, Basalt, BC Partners, Brookfield, Coller Capital, Francisco Partners, FSN Capital, GHO Capital, HgCapital, Inflexion, IK Partners, L Catterton, Lion Capital, Marlin Equity Partners, Montagu, Nextech, Nordic Capital, Noteus Partners, One Equity Partners, Partners Group, PAI Partners, Preservation Capital Partners, Starwood Capital Group, Towerbrook Capital Partners, Vitruvian Partners and others.
External Recognition
- Fund Finance Association: Listed as “Rising Star” (2024)
Experience
Representative Matters
Capital Call & Subscription Facilities
- Advising a European private equity fund on a $5 billion subscription facility for its buyout fund.
- Advising a European private equity fund on a $4 billion subscription facility for its buyout fund.
- Advising a European private equity fund on a €2.5 billion subscription facility for its buyout fund.
- Advising a European private equity fund on a €1.6 billion subscription facility for its buyout fund.
- Advising a European private equity fund on a €1.5 billion subscription facility for its buyout fund.
- Advising a European private equity fund on a $1 billion subscription facility for its buyout fund.
- Advising a European private equity fund on a €750 million subscription facility for its buyout fund.
- Advising a European private equity fund on a $750 million subscription facility for its credit fund.
- Advising a European private equity fund on a $400 million subscription facility for its credit fund.
- Advising a European private equity fund on a €300 million subscription facility for its buyout fund.
- Advising a European private equity fund on a €300 million subscription facility for its buyout fund.
- Advising a European private equity fund on a €250 million subscription facility for its buyout fund.
- Advising a European private equity fund on a €135 million subscription facility for its buyout fund.
- Advising a European private equity fund on a $100 million subscription facility for its secondaries fund.
- Advising a European private equity fund on a £34 million subscription facility for its buyout fund.
NAV Financings
- Advising a European private equity fund on a $1.5 billion NAV facility for its buyout fund.
- Advising a European private equity fund on a €800 million NAV facility for its buyout fund.
- Advising a European asset manager on a €800 million (bridge to) NAV facility.
- Advising a European private equity fund on a $600 million NAV facility for its credit fund.
- Advising a European private equity fund on a €600 million NAV facility for its buyout fund.
- Advising a European private equity fund on a £500 million NAV facility for its buyout fund.
- Advising a European private equity fund on a $500 million NAV facility for its credit fund.
- Advising a European private equity fund on a €300 million NAV facility for its buyout fund.
- Advising a European private equity fund on a €250 million NAV facility for its buyout fund.
- Advising a European private equity fund on a $235 million NAV facility for its secondaries fund.
- Advising a European private equity fund on a £200 million NAV facility for its buyout fund.
- Advising a European private equity fund on a €150 million NAV facility for its buyout fund.
- Advising a European private equity fund on a €150 million NAV facility for its buyout fund.
- Advising a European private equity fund on a $130 million fund-backed facility for a single asset.
- Advising a US private equity fund on a $75 million NAV facility for its buyout fund.
- Advising a US private equity fund on a $50 million NAV facility for its buyout fund.
GP Facilities
- Advising a European private equity fund on a €500 million GP level facility.
- Advising a European real estate fund on an up to €500 million GP level facility.
- A European asset manager on a €100 million management company facility.
- A European asset manager on a €100 million revolving credit facility.
- A European asset manager on a €50 million revolving credit facility.
- A European asset manager on a €40 million GP financing.
Continuation Fund Financings
- Advising a European private equity sponsor on a €1 billion financing for its continuation fund.
- Advising a European private equity sponsor on a £850 million financing for its continuation fund.
- Advising a U.S. private equity fund on a €200 million financing for its continuation fund.
- Advising a European private equity sponsor on a €90 million financing for its continuation fund.
- Advising a European private equity sponsor on a €80 million financing for its continuation fund.
Credentials
Admissions & Qualifications
- 2019, Admitted to practice as a Solicitor of England and Wales
Education
- BPP Law School, LondonLegal Practice Course2012
- University College LondonLL.B.2011