Dechert Advises Barings on First-Ever European Middle Market Private Credit CLO

Dechert advised Barings, a leading investment manager, on the launch of the first-ever European middle market private credit CLO, Barings Euro Middle Market CLO 2024-1 DAC. Valued at €380 million, the CLO was arranged by BNP Paribas. Year to date, it represents Barings’ twelfth new issue CLO.

Dechert’s top-ranked securitization, investment adviser and fund lawyers represent issuers, placement agents, collateral managers and equity investors in CLO transactions, including middle-market balance sheet and broadly syndicated arbitrage CLOs, across the United States and Europe.

The Dechert team that advised Barings was led by global finance partners Aaron Scott (London) and Christopher Duerden (Charlotte), with associate Rory O’Connor (London). The tax team that advised on this matter was led by partners Mark Stapleton (London) and Jeff Kang (New York), with associate Nicolas Kokkinos (London).

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 nearly 1,000 lawyers across 20 offices globally focus on the financial services, private equity, private credit, real estate, life sciences and technology sectors.