Macfarlanes advises Hayfin as second direct lending fund closes

Macfarlanes is pleased to announce that it has advised Hayfin Capital Management, a leading European credit platform, on the latest fundraising for its European direct lending strategy, gathering €3.5bn.

Hayfin is a longstanding client of the firm, with Macfarlanes previously instructed to act on other core projects for the company including its establishment in 2009 and its recent sale to British Columbia Investment Management Corporation (bcIMC) in January 2017.

Capital for this fund has come from a number of new and existing institutional investors from across the globe, including private and public pension funds, sovereign wealth funds, insurance companies, and endowments. In line with Hayfin’s strategy, this fund is aimed at providing senior-secured loans to European middle-market companies from a range of industries.

The advisory team for Macfarlanes was led by investment management partner Alex Amos and tax partner Damien Crossley.