Kirkland Advises Hg on Innovative £455M NAV Financing

Kirkland & Ellis suggested Hg on an revolutionary £455 million NAV financing of the portfolio of Hg Saturn, a 2018-vintage fund with £1.5 billion in commitments. The financing permits Hg to create liquidity for Hg Saturn with out the necessity to launch underlying fund investments and with out recourse to Hg Saturn itself.

The Kirkland crew was led by funding funds companions Andy Shore, Christopher Braunack and Richard Watkins and associates Anan Ju and George Christou, debt finance companions Susannah Amini and Neel Sachdev and affiliate Marco Bagnato, monetary providers regulatory companions Lisa Cawley and Thomas Woodhead and tax companions Timothy Lowe and Cian O’Connor and affiliate Loviisa Langdon.