Herbert Smith Freehills advises HarbourVest Global Private Equity Limited on new US$1.2 billion multicurrency NAV-based revolving credit facility

The Herbert Smith Freehills team was led by partner Heather Culshaw supported by associates Will Beynon and Amaryllis Tian. Partner Gabrielle Wong, senior associate Chelsea Fish and associate Meenakshi Kurpad supported on the New York law side of the transaction.

Heather Culshaw commented: “We are delighted to have advised HVPE on its new and extended NAV-based revolving credit facility to support its continued growth. A unique transaction, due to its size and a substantial portion of the debt being provided by private debt funds, it showcases our expertise advising on private capital matters and is illustrative of the growth in appetite for NAV-based lending in European fund finance markets.

Herbert Smith Freehills advises clients on all aspects of the private capital investment life cycle from fund raising and deployment, through asset management and on to exit, supporting clients on their most important transactions, regulatory issues and disputes. Clients include many of the world’s leading private equity houses, investment funds, asset managers and sovereign wealth funds.

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