Milbank LLP represented private credit-focused alternative asset manager Brinley Partners, LP (“Brinley”) in connection with the launch of its inaugural collateralized loan obligation (“CLO”). The launch is part of Brinley’s announced $4 billion strategic partnership with a leading US insurance company. In the initial phase of the partnership, Brinley will deploy $1 billion to launch the CLO, which aims to meet the specific needs of the insurance sector. This will be the first in a planned series of rolling vintages, as noted in Brinley’s press release.
“It was an honor for our team to play a significant role working alongside our client Brinley to strategically launch its entrance into the CLO market,” said Sean M. Solis, who leads Milbank’s global Structured Credit practice. “This milestone transaction further highlights Milbank’s position as a top legal adviser working across a broad range of complex transactions across the private credit landscape.”
The Milbank team advising Brinley was led by Mr. Solis, along with partner Martin Brennan and associates Kayla Mannucci and Konstantina Katsimeni.
