The Cadwalader, Wickersham & Taft LLP is employed by significant bank and non-bank lenders for fund finance matters spanning the full breadth of products, including subscription and NAV facilities, and GP financings.  The team has recently expanded, with a number of key hires. Bronwen Jones joined from Reed Smith LLP in February 2025, while Doug Murning and Matthew Worth joined from Ashurst in March 2025 and May 2025, respectively. Jones is well-equipped to advise clients on sophisticated structures, while Murning is highly reputed for NAV and portfolio financings, predominantly for investment banks and credit funds. George Pelling is a trusted advisor on cross-border secondaries NAV financings.
Legal 500 Editorial commentary
Phone
+44 (0) 20 7170 8775
Email
Profile

Profile

Work Department
Fund Finance
Position

Douglas Murning is co-head of Cadwalader’s Fund Finance practice, and is based in London.

With over 20 years’ experience in debt finance, Doug is regarded as a market leader in complex NAV and portfolio financings, having been at the forefront in the rise of the European market over recent years, primarily advising investment bank and credit fund clients. In addition to fund financing, he focuses his practice on leveraged finance, private debt and special situations, working with credit funds and private equity sponsors.

Doug has been recognized by The Legal 500 UK as a Leading Partner for fund finance for the last four years and as an “expert in fund finance, leveraged finance and private debt.”

Prior to joining Cadwalader in 2025, Doug was a partner in the global loans practice of a major international firm. Previously he served with two global law firms as a partner, including six years for one firm in Hong Kong, during which Chambers Asia-Pacific ranked Doug as a leading acquisition finance attorney. Doug has extensive experience in both Europe and Asia and has been additionally seconded to the leveraged finance and special situation groups of two leading global investment banks.

Doug received a First Class degree in Law from the University of Edinburgh in 2000 and his Common Professional Examination and Legal Practice Course from BPP Law school in 2002. He is admitted to practice law in England & Wales and in Hong Kong.

Content supplied by Cadwalader, Wickersham & Taft LLP

Testimonials

Collated independently by Legal 500 research team.

  • 'The team is simply one of the market-leading lender-side practices. Its breadth of service from sublines to complex esoteric fund finance is second to none. There is very little the team hasn’t seen or isn’t able to cover; they are commercial, smart and pragmatic at all times.' 'Stand out partners are: 1. George Pelling 2. Bronwen Jones 3. Doug Murning. The team are pragmatic and commercial as a lender-side counsel and is focused on getting the deal done for both the lender and borrower. Brownen has an infinite amount of knowledge and is a real market leader, while George Pelling is a rising star and will be a future market leader.' 'The team has international proficiency, covering multiple jurisdictions. Highly knowledgeable and seasoned partners and associates. The number of members within the team also assists in the swift completion of work.' 'Pragmatic and well-discerned guidance and advice. Work never delays and is completed in balance with all parties' needs'