Clifford Chance advises Greystone on the reopening of its Senior Debt Opportunity Fund
New York: Leading international law firm Clifford Chance advised private real estate finance and investment company Greystone on the innovative reopening of its inaugural real estate debt fund, Greystone Senior Debt Opportunity Fund (B), for new commitments. The new commitments by existing and new investors increase the fund size to approximately US$1 billion in equity.
Michael Sabin, a partner in the Firm’s Funds & Investment Management group, led the transaction and was assisted by partners Cliff Cone (Funds & Investment Management) and David Moldenhauer (Tax), and associates Thien Folkemer, Andrew Nelson and Isidora Koutsoulias (Funds & Investment Management) and Rebecca Pereira (Tax).
Earlier the Firm advised Greystone on the fund’s initial capital raise.