Private Credit

Responding to competitive tensions and regulatory challenges, the global lending market is constantly evolving. Direct lenders are becoming increasingly sophisticated and global in their outlook, taking a significant share of the market, either acting alone or together with banks.

We have been advising private credit funds since the early days of the evolution of the direct lending market in Europe. This means that we have experience of all of the products deployed by these clients. The volume of deals we do in this space means that we are on top of the latest market terms and help our clients to remain competitive, and this market knowledge allows us to push back on off-market asks.

We advise on all stages of the lending lifecycle, from structuring and establishment of private credit funds, advising on financing transactions, including regulatory and tax aspects, and providing restructuring advice if required. We also have a strong equity investment team who can assist with minority equity investments alongside debt facilities, or on a stand-alone basis. The strength of the Hogan Lovells practice across a wide range of specialist areas in multiple geographies means that we can call on our colleagues to assist with any issue that arises throughout the lifetime of a transaction.

They are best-in-market at finding risk-appropriate solutions, have good depth in all disciplines and at all levels, and are always proactive and available when needed."

Chambers Global 2024: Banking and Finance

They are smart lawyers who also understand the commercial nuances - that is critical but it's rare to find the two together."

Chambers UK 2025: Banking and Finance: Lenders: Mid-Market

Key contacts

Paul Mullen

Partner

Paul Mullen

Partner

London

Frederick S. Cristman

Partner

Frederick S. Cristman

Partner

Washington, D.C.

Iacopo Canino

Partner

Iacopo Canino

Partner

Milan

Wouter Jongen

Partner

Wouter Jongen

Partner

Amsterdam, London

Louise Leung

Partner

Louise Leung

Partner

Hong Kong

Meet the Private Credit team

Representative experience

Barings on the financing of Vitruvian Partners’ acquisition of Great Rail Journeys.

Ares Management funds on the financing of Inflexion Private Equity’s strategic minority investment in Baker Tilly Netherlands.

Aquiline Capital Partners LP, a private investment firm specializing in financial services and technology, in connection with a credit investment in S3 Partners LLC.

SMBC and Park Square on the financing of Inflexion’s acquisition of Aspen Pumps.

Hayfin on the financing of the take-private acquisition of Alliance Pharma plc by DBAY Advisors.

Rantum Capital on the provision of a senior secured loan to a leading German software company specializing in B2B solutions for the travel and tourism industry.

Apera Asset Management on the financing supporting the acquisition of Vecos, a leading provider of end-to-end smart locker solutions, by Ardian, a world-leading private investment house.

Tikehau Capital and Bpifrance on the financing of Ardian's acquisition of a majority stake in GreenYellow.

Tresmares on the financing granted to leading Iberian Private Equity firm Magnum Industrial Partners for the acquisition of several companies within the aesthetic medicine business.

A US credit fund and its appointed receivers in relation to a secured USD multi-million financing to a distressed Chinese property developer secured by a luxury residential development in Hong Kong and the subsequent enforcement and related litigation proceedings in respect of the development.