LAWYER
Jay R. Alicandri
Partner | New York
Jay R. Alicandri

Jay R. Alicandri is co-chair of Dechert’s corporate and securities practice and one of the leaders of the firm’s permanent capital and private credit practice. He represents asset managers, banks, insurance companies and other financial institutions in the private credit space, including Apollo, Bain, Barings, BC Partners, Blackstone, Blue Owl, Blue Torch, FS Investments, Golub Capital, Hercules, HPS, ING Capital, KKR, Main Street Capital, OFS Capital, Thoma Bravo and Varagon.

Mr. Alicandri is recognized as a leading lawyer for Banking & Finance by Chambers USA, a legal directory based on the opinions of clients and peers. In Chambers’ most recent edition, clients noted that Mr. Alicandri "excels at understanding the overall market and is a pleasure to work with" and that he’s "practical, commercially-minded and results-driven.” In previous editions, he was praised as "a great resource for unique challenges" who “is extremely well respected and a great thought partner" and “a standout partner” who “understands the underlying business [which] informs his advice regarding the credit facilities he works on behalf of asset manager/fund borrowers.” He is also consistently recommended for Commercial Lending in The Legal 500 US, where clients say he “knows all the individuals at the lending banks,” is “fantastic; very knowledgeable, commercial and easy to work with,” and that he is “a very facile leveraged finance lawyer who is appreciated by clients for his outstanding work ethic and strong command of legal as well as business facts.” In addition, he is regularly named a "Notable Practitioner" by IFLR1000 for Banking in the United States and New York.

Mr. Alicandri is also a thought leader and regularly speaks on a wide variety of topics related to asset finance, private credit and middle market lending.

  • Apollo Global Management, Inc. and its affiliates in connection with a variety of financing transactions, including asset-based financings and unsecured issuances.
  • Bain Capital Specialty Finance in connection with a variety of financing transactions to leverage their private credit platform, including private placements, SPV asset-based financings, corporate revolvers, NAV facilities and repurchase facilities.
  • Barings LLC in connection with a variety of financings, including a US$1.065 billion fund-level ABL revolver and other financings for their public and private vehicles, including corporate revolvers, private placements, subscription lines and SPVs/warehouse facilities.
  • BC Partners in connection with a variety of SPV asset-based financings.
  • Blackstone Alternative Credit Advisors and its subsidiaries and joint ventures in connection with a broad range of financing transactions totaling over US$25 billion, including asset-based financings, rated and unrated structured financings, unsecured issuances and other bespoke financing transactions.
  • Blue Owl Capital, Inc. in connection with more than US$5 billion worth of finance transactions, including corporate revolvers, asset-based financings, private placements and repurchase transactions.
  • Blue Torch Capital in connection with a variety of financing transactions to leverage their private credit platform, including subscription facilities and SPV asset-based financings.
  • Diameter in connection with a variety of financing transactions to leverage their private credit platform, including SPV asset-based financings and repurchase facilities.
  • FS Investments in connection with a variety of financing transactions to leverage their private credit platform, including private placements, SPV asset-based financings, corporate revolvers and repurchase facilities.
  • Golub Capital and its affiliates in connection with a variety of financing transactions, including corporate revolvers totaling nearly US$2 billion.
  • Hercules Capital in connection with a variety of financing transactions to leverage their private credit platform, including private placements, SPV asset-based financings, corporate revolvers and securitizations.
  • HPS Investment Partners, LLC in connection with a variety of financing transactions totaling over US$4.5 billion, including a fund-level ABL revolver, private placement and repurchase facility.
  • ING Capital LLC as administrative agent and lender in connection with a broad range of financing transactions, including an over US$1 billion fund-level ABL revolver for Oaktree Capital Specialty Lending and a US$925 million fund-level ABL revolver for NHPIF, as well as other fund-level ABL revolvers, subscription lines and hybrids.
  • KKR in connection with a broad range of financing transactions totaling more than US$11 billion, including asset-based facilities, rated notes issuances, repurchase transactions and other innovative structures.
  • Main Street Capital in connection with a variety of financing transactions to leverage their private credit platform, including private placements, SPV asset-based financings and corporate revolvers.
  • Thoma Bravo in connection with nearly US$2 billion of secured warehouse financing for its private credit platform.
  • Fueling Growth: Innovating the Landscape of Private Credit, 2024 Private Credit Summit, Dechert LLP – New York, NY (June 11, 2024)
  • The Investing Landscape, 2023 Permanent & Private Capital Summit, Dechert LLP – New York, NY (June 13, 2023)
  • Private Credit Roundtable, 2022 Permanent & Private Capital Summit, Dechert LLP – New York, NY (May 24 – 25, 2022)
  • Venturing Through Alternative Asset Finance, 2021 Permanent & Private Capital Summit – Virtual Conference (June 2-3, 2021)
  • Permanent and Private Capital in the Time of COVID-19: Where We've Been and Where We're Going, Dechert LLP - Virtual Conference (August 20, 2020)
  • How Will Private Credit Funds Perform in an Economic Downturn?, PDI's New York Forum - New York, NY (September 25, 2019)
  • Products in Private Credit: What’s New, Different and Changing?, 5th Annual Permanent & Private Capital Summit – New York, NY (April 4, 2019) 
  • Market Outlook for Private Credit, AIMA's Alternative Credit Council Summit - New York, NY (November 06, 2018)
  • State of the Private Credit Markets, Creditflux & Debtwire's US Mid-Market Forum - New York, NY (October 02, 2018)
  • Financing Private Debt Strategies, Dechert's 2018 Permanent Capital Summit - New York, NY (April 18, 2018)
  • Financing the Economy: Private Credit Research Launch, The Alternative Credit Council (ACC) - New York, NY (October 11, 2017)
  • Navigating a Crowded Middle Market: The Demand for Senior Capital, Private Debt Investor - New York, NY (September 28, 2017)
  • 2nd Annual LPGP Private Debt Chicago - Chicago, IL (September 19, 2017)
  • Perspectives on Middle Market Lending, Dechert's 2017 Permanent Capital Summit - New York, NY (March, 08, 2017)
  • Financing a Permanent Capital Vehicle, Current Trends in Permanent Capital: What Alternative Managers Need to Know Now - New York, NY (January 22, 2015)
Services
    • University at Albany, State University of New York, B.A., 1995, magna cum laude
    • St. John’s University School of Law, J.D., 1998, cum laude, member of the American Bankruptcy Institute Law Journal
    • New York
    • New Jersey

Related News & Insights

Resources relating to Jay Alicandri