Credit Funds

We assist credit funds at all stages of their life cycle, and provide a complete range of services from fundraising onwards.

  • We have developed a significant credit fund practice for managers whose credit strategies and target returns vary significantly. 
  • The products we have been involved with range from direct lending, through to mezzanine funds, special situation funds, high yield products and other more liquid strategies.
  • We have advised on a broad variety of different credit fund structures, including open-ended vehicles, closed-ended vehicles and hybrid arrangements which offer limited liquidity.
  • Our tax group, who work hand-in-hand with our investment management group, not only designs the most appropriate structure from a legal, tax and regulatory perspective but will also implement that structure.
  • We work closely with our fundraising advisory team who provide holistic advice on how to shape products, terms, structures and marketing strategies to support fundraising efforts.

What people are saying


"The teams have provided exceptional service over the last few years with respect to our two funds and credit facilities to go with them. They are concise and clear in their communications with us which allows the team to trust in the process being undertaken."

The UK Legal 500 2023

"Macfarlanes has supported us with our legal requirements related to fund formation and management for many years and we have always been delighted with the service and support we receive. The team is responsive, knowledgeable and commercial."

The UK Legal 500 2022

"They are genuinely interested in helping their clients succeed."

Chambers UK 2021