BlueBay Asset Management Direct Lending Fund’s €6 Billion Fundraising

Fried Frank advised BlueBay Asset Management’s Private Debt Group on the raising of its Direct Lending Fund III (the “Fund”), which reached a final closing with investable capital in excess of €6 billion.

The Fund aims to provide financing solutions to upper and mid-market European businesses to facilitate M&A transactions, growth financing and re-financings. This is one of the largest private debt funds ever raised in Europe and is BlueBay’s most successful fundraising in this area to date.

The Fried Frank team was led by asset management partners Kate Downey (Picture) and David Christmas and included asset management partner Gregg Beechey; finance partner Jons F. Lehmann; tax partners Michelle B. Gold and Colin S. Kelly; executive compensation & ERISA special counsel Andrea L. Pollak; asset management associates Zac Mellor-Clark, Cameron Douglas, Piers Harris, Alistair Renton, Samuel Stenning, and Jamie Thomson; corporate associate Joanna D. Rosenberg; finance associate Graham Greenwood; tax associates Rebecca C. Freeland and Tzvi Weisz; and trainee associate Andrew Forrest.

Involved fees earner: Gregg Beechey – Fried Frank Harris Shriver & Jacobson; David Christmas – Fried Frank Harris Shriver & Jacobson; Cameron Douglas – Fried Frank Harris Shriver & Jacobson; Kate Downey – Fried Frank Harris Shriver & Jacobson; Rebecca Freeland – Fried Frank Harris Shriver & Jacobson; Michelle Gold – Fried Frank Harris Shriver & Jacobson; Graham Greenwood – Fried Frank Harris Shriver & Jacobson; Piers Harris – Fried Frank Harris Shriver & Jacobson; Colin Kelly – Fried Frank Harris Shriver & Jacobson; Jons Lehmann – Fried Frank Harris Shriver & Jacobson; Zac Mellor-Clark – Fried Frank Harris Shriver & Jacobson; Andrea Pollak – Fried Frank Harris Shriver & Jacobson; Alistair Renton – Fried Frank Harris Shriver & Jacobson; Joanna Rosenberg – Fried Frank Harris Shriver & Jacobson; Samuel Stenning – Fried Frank Harris Shriver & Jacobson; Jamie Thomson – Fried Frank Harris Shriver & Jacobson; Tzvi Weisz – Fried Frank Harris Shriver & Jacobson;

Law Firms: Fried Frank Harris Shriver & Jacobson;

Clients: Bluebay Asset Management;