Ropes & Gray Advises On $1.1 Billion in 144A Transactions

In The News
October 1, 2024
Attorneys:

Ropes & Gray represented the initial purchasers on an $800 million 144A investment grade bond offering for Blackstone Private Credit Fund and a $300 million 144A investment grade bond offering for North Haven Private Income Funds LLC. The transactions closed on Sept. 26 and Oct. 1, respectively.

Blackstone Private Credit Fund is a business development company sponsored by Blackstone.

North Haven Private Income Funds is a business development company focused on lending to middle-market companies.  North Haven is managed by a subsidiary of Morgan Stanley.

The transactions were led by capital markets partner Paul Tropp.