England - London • Investment fund formation and management

Proskauer Rose LLP

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Leveraging the combined expertise of the finance, private credit and private investment funds practices, the ‘collaborative, responsive’ and ’strong’ fund finance team at Proskauer Rose LLP regularly provides solutions for funds of different types at all levels of the capital structure. With a client roster that features funds, sponsors, financial institutions and alternative lenders such as Schroders Capital and Kartestia, the team is jointly headed up by two partners: the ‘responsive and pragmatic partner’ Cameron Roper, who is ’well plugged into the market,’ offers significant experience in a wide range of funds matters including subscription line, NAV, hybrid and general partner commitment facilities, as well as general lending and advisory work for fund managers and financial institutions; and new arrival Paul Tannenbaum, who joined from Mayer Brown International LLP in June 2023, bringing a specialism in advising lenders, borrowers and financial institutions on a range of finance transactions including but not limited to traditional subscription lines, co-investment facilities and asset leverage facilities for credit funds. Also recommended is the ‘instrumental’ and ’proactive’ Cormac Ryan, whose practice concerns the full range of finance transactions which particular expertise in fund finance transactions such as capital call facilities, SMA deals and syndicated and bilateral leveraged/NAV facilities.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘A strong team across the board. Their advice is prompt, clear and creative when required. Nigel van Zyl offers clear commercial advice and brings creativity when required. Chris Elson is very detailed and offers balanced views.’

  • ‘The team have been excellent at identifying the more commercial and material points that need our input, which is more efficient with our time. At each stage they have added value in structuring and negotiation e.g. alternative options and finding a middle ground in the negotiation etc.’

  • ‘We engaged the partner, Cameron Roper on our first fund finance transaction, and have worked with him again since. He was able to help from the initial stage of identifying lenders, through to term sheet drafting and negotiation, and then onto full legals. He is very well plugged into the market, and is always helpful and friendly to engage with. The associate Cormac Ryan has been instrumental in ensuring all transactions run smoothly from a project management and execution management perspective. He's also proactive in providing updates in the process. Overall, this is a wonderful team to work with and we look forward to continuing to work with them.’

  • ‘Cameron Roper is a responsive and pragmatic partner who can work at speed when required to close out facility documentation in very short order but always ensures all of the key points are still addressed. He knows market terms and knows when to pick battles and when not to. Overall great guy to work with.’

  • ‘The team is fully engaged on the assignment and does not hesitate to go the extra mile to make the whole process efficient. Cameron Roper is the partner in charge of the project we worked on. Despite the challenging environment around fund financing and difficult counterparties, Cameron managed our expectations well. Cormac Ryan ensured that all documents were shared accordingly to all parties and that everything was in good order to execute in a timely manner.’

  • ‘The team is very collaborative, responsive and knowledgeable. They are always happy to jump on a call. Cameron Roper is innovative and thinks outside the box. He also responds quickly.’

  • ‘The strength and scale of the private equity funds practice means that the fund finance team has a deep understanding of how fund finance interacts with the fund documents and the underlying deals. Lawyers that concentrate just on finance will not get this. The Proskauer team clearly does and this is very helpful to clients. Cameron Roper is a young partner who is knowledgeable and enthusiastic. He is very responsive and keeps on top of matters.’

  • ‘The lawyers in this team provide high levels of attention to detail, are very responsive in discussions and felt like an extension of the internal team. This team provides consistently strong advice and are fundamentally good people that I enjoy interacting and working alongside. Peter Olds and Lucie Rose are a fantastic combination and great team, they complement each other incredibly well and always provide top-tier client service.’

Key clients

  • EMK Capital
  • Tenzing Private Equity
  • One Peak
  • Atomico
  • Schroders Capital
  • AnaCap Financial Partners
  • Kartesia

Lawyers

Next Generation Partners

Cameron Roper

Cameron Roper

Proskauer Rose LLP

Cameron Roper is a partner in Proskauer's Corporate Department and a member of the Finance Group (working closely with the Private Funds Group). Cameron specializes in funds finance and general lending and advisory work, acting for both fund managers and financial institutions. He regularly advises on net asset value (NAV) facilities, hybrid facilities and subscription line facilities, as well as general partner commitment, manager, carry and co-investment facilities. His experience covers a wide range of funds, including credit, large buyout and mid-market funds, venture, secondaries, infrastructure, real estate, fund of funds and emerging market funds.

Paul Tannenbaum

Paul Tannenbaum

Proskauer Rose LLP

Paul Tannenbaum is a partner in Proskauer's Corporate Department and a member of the Finance Group (working closely with the Private Funds Group). Paul has extensive experience acting for lenders, borrowers and financial institutions on both fund financings and acquisition and leveraged finance transactions. His fund finance experience includes advising GPs and lenders in connection with traditional subscription lines, hybrid and NAV facilities, co-investment facilities, GP support facilities, management fee facilities, asset leverage facilities for credit funds, loans to separate managed accounts and fund of fund financings.

Practice head

The lawyer(s) leading their teams.

Cameron Roper, Paul Tannenbaum

Other key lawyers

Cormac Ryan, Peter Olds, Lucie Rose, Nigel van Zyl, Chris Elson