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Experience

$45,000,000 Loan Secured by Hedge Fund Investment

Commercial Lender

Representation of the lender in a $45,000,000 asset-based revolving loan facility initially secured by interests in sixteen hedge funds and providing for substitution of fund interests as the borrower’s investments change. The transaction involved the extensive analysis of each underlying fund as collateral and the associated rights, structuring the loan to take full advantage of those rights, and negotiating an acceptable agreement with each hedge fund and its manager.

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