Akin Represents Angelo Gordon in the $1 Billion Fundraise of AG Asset-Based Credit Fund

(New York) – Akin represented Angelo Gordon, a $73 billion* alternative investment firm focused on credit and real estate investing, in the fundraising of AG Asset Based Credit Fund, L.P. (the Fund) with over $1 billion of equity commitments, exceeding its $800 million target. The Fund received significant support from existing Angelo Gordon clients, as well as new institutional investors attracted to the firm’s demonstrated ability to generate value through private credit strategies globally.

The Fund focuses on asset-based specialty private credit investments in a variety of trade formats across a broad array of collateral types within consumer, real asset and other specialty lending markets. Additionally, Angelo Gordon applied its experience in fund-backed rated notes to the Fund, allowing U.S. insurance carriers to access the strategy in a capital efficient format.

To learn more about the transaction, click here.

The Akin team that advised Angelo Gordon was led by investment management partners Ann Tadajweski and Jonathan Ross and included counsel Jacob Rodriguez, senior practice attorney Daniel Jacobs and associates Brian Rafferty and Paul Domingo. Additional advice was provided by tax partner David Snyder and counsel Richard Swanson, and structured credit practice leader Deborah Festa and senior counsel Andrew Keller.

Akin is a leading international law firm with more than 900 lawyers and advisors in offices throughout the United States, Europe, Asia and the Middle East.

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*Angelo Gordon’s (the “firm”) currently stated AUM of approximately $73 billion as of December 31, 2022 reflects fund-level asset-related leverage. Prior to May 15, 2023, the firm calculated its AUM as net assets under management excluding leverage, which resulted in firm AUM of approximately $53 billion as of December 31, 2022. The difference reflects a change in the firm’s AUM calculation methodology and not any material change to the firm’s investment advisory business. For a description of the factors the firm considers when calculating AUM, please see the disclosure linked here.