Dechert LLP has been recognized as Asia-Pacific Law Firm of the Year for Fund Formation by Private Debt Investor in the PDI Global Awards 2023. With winners chosen by industry vote, the PDI award program is the highest-profile in the private credit industry.
Dechert is one of the two top-ranked law firms globally in PDI’s Hall of Fame, having won seven “Law Firm of the Year” titles over the contest’s 11-year history.
Over the past year, Dechert’s Asia-based funds team set up six credit funds involving commitments of US$1,345 billion. Highlights include the formation of Ping An’s second private credit fund, which focuses on mid-market corporates in developed markets. Dechert is also assisting Genesis Alternative Ventures with a second fund, targeting US$150 million to finance start-ups across Southeast Asia, having previously helped Genesis establish and close the first-ever venture debt fund focused on Southeast Asia.
Dechert was also recognized by PDI globally as a finalist for fund formation and transactions – it was the only law firm to be shortlisted in both of PDI’s global categories – and was named a finalist for transactions in Asia-Pacific.
Additionally, Dechert’s Asia team was named finalist for fund formation and secondaries in Private Equity International‘s PEI Awards 2023. In the past year, the firm acted on private equity closings involving commitments of US$5.6 billion across 40 Asia-focused private equity funds. The firm also worked with some of Asia’s most recognizable institutions and managers on secondary transactions with an aggregate value of US$3.1 billion, including a complex US$700 million continuation fund transaction for Capital Square Partners.
About Dechert’s Private Credit Practice
Dechert has advised private credit clients for over 30 years, helping them to innovate and thrive as the industry has grown into a complex and diverse US$1.5 trillion market. We create value on the full spectrum of strategies and sub-strategies, including asset-based, distressed debt, permanent capital, direct lending, subordinated debt, specialty financing, special situations and venture debt. With more than 80% of Private Debt Investor‘s top 100 private credit firms as clients, we offer market-leading fund formation, financing, regulatory, M&A and tax expertise across the US, Europe, the Middle East and Asia.
About Dechert
Dechert is a global law firm that advises asset managers, financial institutions and corporations on issues critical to managing their business and their capital – from high-stakes litigation to complex transactions and regulatory matters. We answer questions that seem unsolvable, develop deal structures that are new to the market and protect clients’ rights in extreme situations. Our 1,000+ lawyers across 21 offices globally focus on the financial services, private equity, private credit, real estate, life sciences and technology sectors.