Dechert Advises AGL Credit Management on Strategic Investment by Goldman Sachs Alternatives to Add US$1 Billion of Investment Capacity

Dechert advised AGL Credit Management LLC on a strategic investment by funds managed by Vintage Strategies at Goldman Sachs Alternatives in AGL Enhanced PC Income I LLC, a new partnership focused on private credit corporate investing opportunities, and the purchase by the partnership of an initial portfolio of senior loans. Vintage Strategies also provided a capital commitment to AGL Private Credit Income Fund, AGL's inaugural private credit corporate investing vehicle, as part of its support of AGL's private credit asset management franchise. The collaboration in total is expected to add approximately US$1 billion of investment capacity (inclusive of anticipated third-party leverage) to further scale AGL's differentiated leveraged lending platform.

Dechert played a central role in structuring and executing the transaction, advising on the formation of the partnership vehicle, governance and economic arrangements between the parties, and the negotiation of the principal documentation.

AGL Credit Management LLC is an independent corporate credit specialist offering investment strategies and financing solutions for investors and borrowers globally since its inception in 2019. With more than US$24 billion in assets under management, AGL's highly experienced team focuses on the objectives of investors and borrowers through its differentiated approach to sourcing, creating and managing corporate credit assets.

Global finance partner Christopher P. Duerden and corporate partners Thomas J. Friedmann and Stephen R. Pratt led the core Dechert team advising AGL, alongside corporate associates Rachel Davies, Robert Gregory and Kristen Ciapciak; global finance associate Anna Askew; global tax partner Joseph A. Riley with associate Josh Meyerson; and financial services partners David P. Bartels and David Marcinkus with associate Benjamin Ruano.

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