Kirkland Advises Arcmont on $2.5 Billion Continuation Vehicle Led by Ares
Kirkland & Ellis advised Arcmont Asset Management, a leading European private credit asset management firm and affiliate of Nuveen, on the successful closing of a $2.5 billion credit continuation vehicle, inclusive of leverage. The transaction was led by Ares Credit Secondaries funds and was oversubscribed by leading institutional investors. The continuation vehicle acquires a diversified, income-generating portfolio of largely first-lien senior secured loans from Arcmont’s 2019 vintage, Direct Lending Fund III.
The Kirkland team included investment funds lawyers Ted Cardos, Alex Amos, Jamie Thomson, Amrit Sagoo, Ben Bignier, George Christou, Stephen Giblin, Jessica Zhang and Sofia Bahamonde; investment funds regulatory lawyers Josh Westerholm and Hannah Cloh; tax lawyers Alexander Cox, Chloe Rowan, Justin Barbosa and Beatriz Capeloa Gil; and financial services regulatory lawyers Adam Skinner and Amar Unadkat.
