Mr Jay Alicandri > Dechert LLP > New York, United States > Lawyer Profile

Dechert LLP continues to be rated for its expertise in life sciences and permanent capital vehicles; it is a dominant force in issuances by business development companies (BDCs). It recently advised Blackstone Private Credit Fund on its $500m private placement of 2.700% senior secured notes due 2025 and $650m private placement of 4.000% senior secured notes due 2029. Jay Alicandri is a major force in DCM offerings in the permanent capital and private credit segments. Boston partner Thomas Friedmann is co-head of corporate finance and capital markets and co-head of permanent capital, frequently advising on capital markets offerings by BDCs.

Also noted for its capabilities in life sciences-related work, Dechert LLP‘s strength in offerings by financial institutions, including permanent capital vehicles, provides a platform for a steady pipeline of debt offering engagements. New York partner Jay Alicandri is active in high-yield debt offerings in the permanent capital and private credit sphere. Boston’s Thomas Friedmann and Philadelphia partner Ian Hartman are also key partners within the national practice.

Dechert LLP provides debt finance advice to both lenders and borrowers, with the firm advising some of the largest private credit funds, BDCs and other alternative asset managers on acquisition finance, senior credit facilities and restructurings. Jay Alicandri, Laura Swihart and Scott Zimmerman lead the practice from the firm’s New York office, sharing leadership of the team with Philadelphia-based David Forti. A key change to the practice was the arrival of William Robertson from Davis Polk & Wardwell LLP in April 2022.