Skip to content

Dr Agnes Molnar

Partner

Legal

Cayman

Dr Agnes Molnar

Leading Collas Crill's fund finance and private credit offering in the Cayman Islands, Agnes advises sponsors, asset managers and their financiers on private capital liquidity solutions across the entire lifecycle of a fund, from formation and the investment period through portfolio management and exit.

Her practice brings fund finance, private credit and structured private credit together as an integrated approach to private capital. She is admitted in the Cayman Islands, England and Wales and Hungary, and has more than 20 years of experience.

Experience

Agnes works with clients at every stage of a fund’s lifecycle. At formation, she structures and establishes the Cayman Islands vehicles that later borrow, invest and issue, including exempted limited partnerships, exempted companies, segregated portfolio companies, rated note feeders, co-investment vehicles and special purpose vehicles.

During the investment period, she advises on subscription and capital call facilities. As portfolios mature, her work extends to NAV and hybrid facilities, asset-based finance, preferred equity at fund and GP level, and GP support and co-investment facilities.

In the later life of a fund, she advises on the financing of secondaries and continuation vehicles, collateralised fund obligations (CFOs) and management fee, capital call and other portfolio cash flow securitisations.

Her private credit and structured private credit work, including loan-on-loan portfolio financings and bespoke structures, forms part of the same offering, so that a client's fund-level financing and liquidity strategy are advised on together. Her practice extends to Shari'ah-compliant financing and investment structures.

She acts for both sponsors and lenders and works closely with the firm's corporate, funds and regulatory teams to provide an integrated service to private capital clients.

Clients

Her clients include fund sponsors and asset managers, banks, private credit and alternative lenders, and institutional investors acting as co-investors and capital providers, as well as onshore law firms. Her geographical focus is the United States, the United Kingdom, Europe and the Middle East, with Cayman Islands structuring at the centre of that work.

Background

Agnes has spent seven years as a partner in the Cayman Islands. Before moving offshore, she spent 15 years in London, Vienna and Budapest at leading international law firms and in-house at a global financial institution, working across fund finance, structured finance, securitisation and distressed debt. She holds a doctorate in law.

Recognition and publications

Agnes has been ranked in Chambers for banking and finance and was named a Legal 500 Rising Star for fund finance. She writes regularly on fund finance and private credit, including chapters for Global Legal Insights, and has spoken before the American Bar Association's Fund Finance Subcommittee on capital call securitisation.

Memberships

•    International Fellow of the American College of Commercial Finance Lawyers
•    American Bar Association, Fund Finance Sub-Committee
•    Fund Finance Association
•    Women in Fund Finance
•    Alternative Investment Management Association
•    Alternative Credit Council
•    Cayman Islands Law Society

Expertise

Collas Crill's fund finance lawyers advise on private capital liquidity solutions across the Cayman Islands, the British Virgin Islands, Guernsey and Jersey. We act for sponsors and asset managers raising financing for their funds, GPs and management companies, and for the banks, private credit and alternative lenders and institutional investors who provide it.

Read more

The importance of managing risk across all types of banking and financial transactions has never been more apparent. International and multi-jurisdictional activity, particularly in new and emerging markets, is driving creativity in structuring and transactions which requires a team of lawyers who know how to get the optimal results from each deal.

Read more

There's little doubt that for every challenge in the current market, an opportunity emerges. Having the right team to exploit these opportunities gives you a definite advantage. At Collas Crill we work with our clients to take advantage of opportunities at all stages in the investment lifecycle.

Read more

Offshore vehicles are used for a huge range of purposes either standing alone or as part of large multi-jurisdictional structures.

Our highly commercial team specialises in advising clients on the most effective uses of such vehicles and their ongoing operation, including normal and cellular companies as well as foundations, unit trusts, limited partnerships, limited liability partnerships, segregated portfolio and restricted purpose companies.

We are able to advise what jurisdiction among the 'Big Four' that we advise on will best suit our client's needs and regularly advise on solvent restructuring by way of merger, consolidation, continuation or balance sheet optimisation as well as court based corporate procedures such as schemes and plans of arrangement.

With our mix of non-contentious and litigation restructuring specialists, Collas Crill offers the unique advantage of having being able to provide a team to seamlessly take a transaction from start to finish. 

Read more

Demand continues to rise for legal professionals with a strong knowledge and understanding of Shariah law concepts continues, a reflection of the growth in Islamic finance products and services for institutions and private clients.

Read more

In a world of rising expectations, we are increasingly instructed by sovereign wealth funds, ultra-high net-worth individuals and funds of funds to review potential fund investments and negotiate side-letters or co-invest arrangements. We offer our clients a fast, efficient service with minimum fuss. This aspect of our practice gives us unparalleled insight of what is and isn't the 'market standard'; something all our clients benefit from.

Our uniquely diverse practice regularly assists with the establishment of both open and closed-ended fund structures. In addition to traditional Channel Island private equity and real estate structures and Caribbean hedge funds, we have advised on a number of alternative and esoteric classes. We work alongside our clients to understand their investment thesis and provide bespoke drafting to build the fund they want as opposed to generic template structures and documentation.

We advise clients at every step of the process, including preparing offer documents, investor negotiations, the preparation of agreements, and in the closing of transactions.

Our investment practice is not limited to regulated investment funds. With private capital deployment a global trend we also advise clients on a range of unregulated and private structures. These include structures allowing new promoters to build a track record or investment clubs to access particular investments without incurring the time or financial cost of entering the regulatory regime.

In addition, we frequently work with our award winning private client team to provide investment fund like solutions for family offices or high-net-worth individuals. Our team's experience in this often overlooked area of the investment sector can help our clients manage regulation and plan their structures for future growth without unnecessary limitations.

In today's economic climate lawyers need to be more innovative and more efficient in navigating the increasing complexity of the regulatory environment.

Read more

Our multi-jurisdictional team brings a wealth of experience from a range of diverse backgrounds to give quick, accurate, commercial advice. We work across dispute resolution, restructuring, recovery and insolvency matters to ensure that clients get the full benefit of our know-how and experience across the world.

Read more

When customers or clients do not pay on time, we provide timely and effective advice on recovering debts and enforcing judgments. We help businesses, service providers, lenders and borrowers – including banks, funds, directors, and insolvency practitioners – recover commercial debt swiftly and strategically.

Our services cover court proceedings, arrets, saisies, statutory demands, insolvency proceedings, désastre, realisation, dégrèvement, and enforcement of security interests. We conduct thorough security reviews and advise on pre-emptive measures, ensuring prompt, decisive action with discretion to minimise reputational risk.

Our private credit lawyers act for private credit funds, banks, alternative lenders, insurers and sponsors on direct lending, asset-based finance and structured private credit across the Cayman Islands, the British Virgin Islands, Guernsey and Jersey.

Working with our funds and corporate colleagues, we structure closed-ended, evergreen and hybrid credit funds, segregated portfolio companies and orphan issuing vehicles, and advise on loan-on-loan, NAV, warehouse and back-leverage financings, rated note feeders, CFOs and other structured notes for insurance and institutional capital, and Shari’ah-compliant financings.

Private credit managers are both lenders and borrowers in the fund finance market, so we advise on both sides as one integrated private capital offering, from security over loan books and asset-holding vehicles to intercreditor and co-lending arrangements, with our regulatory team on licensing and registration.