Hg’s £455 Million NAV Financing

Kirkland & Ellis advised Hg on the deal.

Hg execuetd an innovative £455 million NAV financing of the portfolio of Hg Saturn, a 2018-vintage fund with £1.5 billion in commitments. The financing enables Hg to create liquidity for Hg Saturn without the need to release underlying fund investments and without recourse to Hg Saturn itself.

The Kirkland team was led by investment funds partners Andy Shore (Picture), Christopher Braunack and Richard Watkins and associates Anan Ju and George Christou, debt finance partners Susannah Amini and Neel Sachdev and associate Marco Bagnato, financial services regulatory partners Lisa Cawley and Thomas Woodhead and tax partners Timothy Lowe and Cian O’Connor and associate Loviisa Langdon.

Involved fees earner: Susannah Amini – Kirkland & Ellis; Marco Bagnato – Kirkland & Ellis; Christopher Braunack – Kirkland & Ellis; Lisa Cawley – Kirkland & Ellis; George Christou – Kirkland & Ellis; Anan Ju – Kirkland & Ellis; Loviisa Langdon – Kirkland & Ellis; Timothy Lowe – Kirkland & Ellis; Cian O’Connor – Kirkland & Ellis; Neel Sachdev – Kirkland & Ellis; Andrew Shore – Kirkland & Ellis; Richard Watkins – Kirkland & Ellis; Thomas Woodhead – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Hg Capital;

Author: Federica Tiefenthaler