As a partner in Milbank’s Alternative Investments group and leader of the firm’s West Coast securitization and investment management practices, Ms. Festa has more than 16 years of experience representing institutional investment managers and global investment firms in a variety of complex transactions and advising on related franchise-level risk.
She represents issuers, collateral managers and other market participants in securitization and other structured finance transactions, with a particular emphasis on the collateralized loan obligations (CLO) asset class. She regularly structures and negotiates these transactions, including related warehouse financing arrangements and follow-on refinancing and “reset” transactions, with the dual mandate of promoting clients’ business objectives and achieving compliance with applicable evolving law and regulation in the United States and in Europe.
She also advises clients in the direct lending and portfolio finance markets, where she represents investment fund sponsors in obtaining financing for direct lending platforms and in deploying that financing to corporate borrowers.
Ms. Festa’s practice includes advising clients in the acquisition and divestiture of asset management businesses and the negotiation of subadvisory arrangements and joint ventures.
Her experience also includes advising clients on the formation of marketplace lending platforms and in investing in portfolios of such loans in both the primary and secondary markets.