Dechert‘s private credit practice includes among its portfolio of mandates various asset-based, bridge, mezzanine and multilien credit facilities. Jay Alicandri heads the New York practice, and is turned to by banks, funds, investors and asset managers for a spectrum of private credit transactions. John Timperio directs the Charlotte team, and has over 25 years of experience in debt-related financial instruments, including NAV facilities and fund financings – areas in which Washington DC-based Harry Pangas is also active. New York-based Angelina Liang is a key member of the team for multilien, mezzanine and other credit facility structures. Also in New York, Ani Ravi is experienced in NAV and asset-based loans, while Avni Patel is sought after for her experience in international credit-based transactions
Legal 500 Editorial commentary
Accolades
Client satisfaction: Lawyer & team quality
Client satisfaction: Sector knowledge
Testimonials
Collated independently by Legal 500 research team.
- 'By far the best‑in‑class team in the industry. Fully accessible and equipped with deep industry experience.'
- 'A strong bench with a top‑tier senior head of group and a highly competent team. They know the market inside and out, represent most asset managers in direct lending, and have the best pulse on what is market.'
- 'Speed and accuracy of work product, strong collaboration with partners, and creative solutions.'
- 'I work with Avni Patel often. She is quick, produces excellent work, and is collaborative and creative in challenging situations. We have built a strong working relationship and a high level of trust.'
- 'Jay Alicandri is an incredible team builder - responsive, very loyal to clients, and a zealous advocate. He knows all of the key parties in the marketplace, including lenders, asset managers, and service providers. He makes introductions and always knows latest terms.'
Key clients
- AllianceBernstein
- Apollo
- Bain Capital
- Barings
- Blackstone
- Blackrock
- Blue Owl Capital Partners
- Blue Torch Capital Partners
- A First Lien Lender Group of At Home Group
- Charlesbank
- HPS Investment Partners
- Fortress
Work highlights
Advised Blackstone Credit & Insurance and its related funds, accounts and joint ventures on more than 40 individual domestic and cross-border financings transactions.
Advised ING Capital LLC as administrative agent and lender in connection with over US$6.1 billion in financing transactions over the past 12 months.
Advised Churchill Asset Management LLC, a Nuveen Private Capital investment specialist, on its third collateralized fund obligation (CFO), NPC SIP 2024-1 -- a US$750 million transaction that was structured as a long-duration bond.
Lawyers
Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.
Practice head
Jay Alicandri; John Timperio; Gus Black
Other key lawyers
Harry Pangas; Angelina Liang; Avni Patel; Ani Ravi