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Structured finance: securitization

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DLA Piper LLP (US)

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DLA Piper LLP (US)‘s securitization department handles the full range of mandates within the market, and is experienced in CLOs, conventional and esoteric ABS, distressed legacy CDOs, C-PACE, across a spectrum of asst classes. The team is frequently turned to by investors, asset managers, underwriters and purchasers, and demonstrates notable proficiency in art, collectibles and music securitizations. Based out of New York, Richard Reilly Jr. heads the department and fields over 25 years of experience in securitisations, and is particularly well-versed in domestic and foreign CLO transactions. Grant Edward Buerstetta is frequently active in CDOs and CLO related mandates, while Los Angeles-based Claire Hall is noted for her capability in esoteric ABS, including PACE, trade receivables and music royalties. Jay Williams and Andrew Sroka are both well-reputed in their respective fields, with Williams’ expertise in resecuritzations, warehouse facilities and synthetic securitizations complementing Sroka’s capacities in the fintech space.
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Testimonials

Collated independently by Legal 500 research team.

  • ‘The DLA team has exceptional expertise and deal management. They are capable of handling a high volume of transactions with a steady hand, and are also excellent at plugging with on-the-spot advice that is well-attuned to our business concerns. They are one of our favorite teams to work with.’

  • ‘The combination of (i) high quality legal services / counsel and (ii) commercially reasonable individuals who understand and value the big picture of the given transaction, relationship, etc. ’

  • ‘High touch, always available, and commercially reasonable ’

  • ‘The finance and structured finance department is teeming with experience. They have lawyers that know the industry and set our minds at ease when engaging them. They are practical yet calculated and always find a solution quickly should the need arise.’

  • ‘Grant Buerstetta is a tremendous lawyer with unmatch experience. His calculated and detailed approach to very difficult situations puts us at ease knowing he is representing us. It's a comfort knowing her is only a phone call away and is super timely in his availability. Jay Williams is a highly qualified lawyer with years of experience in the industry. His knowledge and simple yet precise approach makes him a pleasure to work with.’

Key clients

  • Affirm, Inc.
  • Barclays Capital Inc.
  • Cadma Capital Partners
  • Cross River Bank
  • Duetti, Inc.
  • HarbourView Equity Partners, LLC
  • Lendbuzz Inc.
  • Nuveen Alternatives Advisors LLC
  • STORE Capital Corporation
  • Together Financial Services Limited

Work highlights

  • Advised Barclays Capital in a transaction as sole structuring agent and lead bookrunner in connection with US$700 million in asset-backed notes issued by Sotheby’s ArtFi Master Trust.
  • Advised Duetti, Inc. as issuer counsel in securing approximately US$115 million in financing through a private securitization backed by its catalog of music royalties.
  • Acted as arranger counsel to Goldman Sachs on more than 20 CLO transactions, collectively valued at over US$9.5 billion.

Lawyers

Practice head

Richard J. Reilly Jr.

Other key lawyers

Grant Edward Buerstetta; Claire L. Hall; Andrew M. Sroka; Jay Williams