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