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Winston & Strawn LLP

200 PARK AVENUE, NEW YORK, NY 10017, USA
Tel:
Work +1 212 294 6700
Fax:
Fax +1 212 294 4700
Email:
Web:
www.winston.com

Jeffrey Stern

Tel:
Work (212) 294-6710
Email:
Winston & Strawn LLP

Work Department

Corporate Department

Position

http://www.winston.com/en/who-we-are/attorneys/stern-jeffrey.html


United States: Finance

Structured finance: securitization

Within: Structured finance: securitization

With strengths in esoteric ABS and CLOs, Winston & Strawn LLP is 'good at owning and proactively running a transactions and getting out in front of any potential problems'. Jointly led by Jeffrey Stern and Los Angeles-based Daniel Passage, the team has been particularly active in the PACE bond arena. In a market-first transaction, Passage acted for Beach Point Capital Management and CleanFund in relation to the first-ever securitization backed exclusively by C-PACE assessments pursuant to rule 144A. Additionally, Passage and Francisco Flores advised Prosper Marketplace on the securitization of $5.5bn of unsecured consumer loans originated through its web-based platform. Another esoteric mandate, Stern recently advised LTC Global, as sponsor, on a $129.6m securitization of insurance commission receivables arising from the sale of long-term care insurance. In the CLO space, Chicago-based Dave Galainena assisted RAIT Financial Trust with several CRE CLO issuances, and Patrick Hardiman handled high-value CLO issuances for Crestline Denali Capital and THL Credit Advisors. Ronald Jacobson and Michael Mullins are also key figures in the Chicago-based CLO team, which ranks among the market leaders in manager-side work.

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