Ashurst houses a dedicated fund finance team with solid international capabilities. The team routinely acts for both funds and lenders on complex transactions. Highly experienced in traditional fund finance, the firm is also active in NAV financings and innovative hybrid facilities. Lee Doyle has been at the forefront of fund finance for more than 20 years, acting for many major European and US banks in that time. Robert Andrews is a leading fund financing specialist who frequently advises on high-value syndicated subscription facilities. Nick Wong’s highlights include acting on some of the largest capital call facilities and significant ESG-linked facilities, while Navdeep Benning is known for her ability to act for borrowers and lenders and her distinct focus on NAV facilities. Doug Murning’s wide expertise includes fund finance, leveraged finance, and private debt. Briony Holcombe regularly receives instructions from market-leading lenders concerning a range of products.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘Briony Holcombe is excellent and very user-friendly.' 

  • ‘Ashurst's lawyers are known for their proactive engagement and a deep understanding of complex financial structures, which makes them exceptional assets to their clients. This expertise is highly appreciated not just by us but also resonates well with lenders, who consistently provide positive feedback regarding Ashurst’s role as counsel.’

  • ‘Rob Andrews is technically excellent, thoughtful and commercially aware. Bri Holcombe is an extremely capable second partner in the relationship. Kishen Vora has been a critical part of the team for 5 years now, and is developing into an excellent lawyer.’

  • ‘Navdeep Benning is the key partner for us. Builds great relationships and is very strong technically. Negotiates very well with counterparties and is respected. Has high expectations of the team leading to strong delivery.’

  • ‘The team has extensive knowledge and experience in the fund finance industry. Their structuring expertise enabled us to structure a highly complex deal and an ultimately excellent result for our end client.’

  • ‘A hugely knowledgeable and commercial team with experience across the full suite of fund finance products. The team is amongst the best in London and a go-to for lender and sponsor clients.’

  • ‘Doug Murning knows the markets and brings a unique commercial understanding to his clients. Matt Worth is extremely bright and his restructuring experience is invaluable to lender clients. Kishen Vora is an associate to watch in the team, a genuinely nice guy with an in-depth understanding of fund finance products.’

  • ‘The team has unparalleled expertise and experience in advising on the most complex and innovative net asset value (NAV) facilities.' 

Key clients

  • Barclays
  • CBA
  • Danske Bank
  • ING
  • Investec
  • NatWest Markets
  • Nordea Bank
  • RBC
  • Société Générale

Work highlights

  • Advising on amending and extending a set of facilities, exceeding EUR 1 billion.
  • Advising on a secured green loan subscription facility for a Nordic infrastructure fund.
  • Advised a client on numerous facilities and a deal concerning a public to private acquisition.

Lawyers

Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.

Practice head

The lawyer(s) leading their teams.

Lee Doyle, Nick Wong, Navdeep Benning, Robert Andrews, Douglas Murning, Briony Holcombe

Other key lawyers

Fiona Palamarczuk, Matt Worth, Kishen Vora