Laurence Pettit

Represented an investment bank as initial purchaser and sole arranger in two separate 144A offerings of “collateralized fund obligations” in which an institutional investor securitized its portfolio of private equity investments.

Represented an institutional investor as the sole purchaser of two separate 144A issuances of ABS backed by legal fee awards arising from the settlement of litigation brought by state attorneys general against the major tobacco companies.

Advised an investment bank as initial purchaser and sole arranger in establishing new ABS programs for two specialty finance companies, one providing financing for purchases of household items at department stores and shopping malls, and the other providing financing for home improvement projects.

Represented a group of insurance company investors and their holding company in providing term ABS, warehouse ABS and mezzanine loan financing to an originator of PACE assets and its affiliates.

Represented the issuers, Hero Funding Trust 2014-1 and 2014-2, and the transaction sponsors, affiliates of 400 Capital Management LLC, in the issuance of $104 million and $129 million of asset-backed notes backed by a pool of limited obligation improvement bonds issued in connection with a residential PACE program. 

Represented a life science and healthcare specialty finance company in connection with a $204 million securitization of senior secured loans made to venture capital-backed companies.

Advised a residential mortgage servicing company in connection with a series of term notes and variable funding notes issued under its servicing advance securitization program in a principal amount of more than $5.0 billion. 

Advised Türkiye Vakiflar Bankasi T.A.O., a leading Turkish bank, and its affiliate VB DPR Finance Co., a Cayman exempted company, in the issuance of $930 million in asset-backed notes under its DPR future-flow securitization program.