Private equity

Deal-contingent and portfolio-level hedging for sponsors and their portfolio companies.

A sponsor carries currency and rate risk twice over, once at fund level and again inside every portfolio company.

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Sector lead

Portrait of Tom Pearce
Tom Pearce

Head of Business Origination

Typical exposures

Acquisition currency between signing and completion, fund and investor currency exposure, floating rate acquisition debt, and the operating exposures held inside portfolio companies.

Who we work with

Deal teams, fund finance and operating partners, and the finance directors of portfolio companies who inherit a hedging requirement from the debt documents.

How we advise

We work alongside the deal on structure and timing, price deal-contingent and conventional solutions competitively, and set portfolio companies up with a policy and a process they can run.

What good looks like

Hedging that is priced against the market rather than against a single lender, obligations under the debt documents met, and a consistent method applied across the portfolio.

Example engagements

[CASE STUDY PENDING]

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