We advised on 176 structured credit transactions in 2025

Davis Polk’s structured private credit practice advised on over $57 billion of structured credit finance transactions in 2025, across 176 transactions for a broad range of borrower and lender counterparties, including leading private equity and private credit investors and financial institutions.

Cumulative transactions for 2025 include:

  • Primary and secondaries NAV facilities: over $13.7 billion across 72 transactions
  • Capital call / subscription line facilities: over $9.4 billion across 43 transactions
  • Backleverage facilities: over $7.2 billion across 19 transactions
  • Credit ABL and securitization financings: over $16.2 billion across 36 transactions

Davis Polk’s cross-border structured private credit practice includes finance partners Meyer C. Dworkin, David J. Kennedy, Aaron Ferner and Ryan D. McNaughton and counsel Bryan Gager, Kwesi Larbi-Siaw, Jimmy Moustakis, Anthony Pitruzzello, Shen Mei Bolton and Joshua Bunn. Members of the Davis Polk team are based in the New York and London offices.