Kirkland Advises Benefit Street Partners on $2.3 Billion Private Credit Continuation Vehicle

Kirkland & Ellis advised Benefit Street Partners LLC (BSP), a leading credit-focused alternative asset manager with strategies spanning the credit spectrum, on the closing of a $2.3 billion private credit continuation vehicle, BSP Debt Fund IV CV. This landmark transaction, which was led by Coller Capital, involved the largest single-fund portfolio ever to trade in the private credit secondaries market.

Read the transaction press release

The Kirkland team included investment funds lawyers Mark Boyagi, Társis Gonçalves, Stephanie Berdik, Alex Kaufman, Yemi Adediran, Nicholas Chan, Sabrina Chartrand, Ashley Lee, Zachary Scott Roemer, Bola Hambolu, Brent Gage, Zoe Blackmore, Caroline Shoopman and Blake Sims; corporate lawyers Jess Lepper and Inhae Song; transactional liability lawyer Anna Geml; debt finance lawyers Leonard Kim, Aditi Iyer, Jared Axelrod, August Bonacci, Constantina Leodis and Carolyn Mitchell; tax lawyers Lee Morlock, Brandon Short and Leon Peschel; investment funds regulatory lawyers Dan Kahl, Xiao-Hong Jing and Jarvis Yau; and financial services regulatory lawyer Jane Visram.