Jay Williams represents asset managers,
sponsors, arrangers, issuers and investors
with respect to a wide variety of
structured, leveraged and real estate
finance transactions, with a focus on
collateralized loan obligations (CLOs),
warehouses, private credit, and esoteric
asset classes. Jay acts for managers
and arrangers on new issuances and
refinancings of US and European CLOs
(broadly syndicated loan (BSL) and middle
market), as well as representing
third-party CLO equity providers in joint
ventures and programmatic investments in
new-issue CLOs (including through EU/UK
risk retention compliant structures).
Jay has significant experience with
warehouse and back-leverage financings
secured by broadly-syndicated loans,
private credit, commercial mortgages and
receivables, as well as resecuritizations
and structured note issuances (including
structured total return swap (TRS) and
repo financings) backed by loans,
mortgages, commercial property assessed
clean energy (C-PACE) assessments,
receivables and other structured credit
assets. He regularly acts for
lenders and borrowers with respect to
forward flow facilities secured by
consumer and trade receivables, future fee
streams (including mortgage servicing
rights (MSRs) and other servicing fees)
and cash flows from other esoteric asset
classes.
Jay also advises lenders and borrowers on
private credit and leveraged finance
transactions involving secured loans to
companies (including at the venture and
growth stage), focusing on the fintech and
defense-tech sectors, as well as the
formation of joint ventures between
business development companies (BDCs) and
investors making leveraged investments in
loan portfolios.
Jay represents real estate investment
trusts (REITs), sponsors and investors
with financings, including debt capital
market transactions and financings of real
estate related assets like commercial
mortgages, specialty residential mortgage
products (single family rental (SFR),
fix-and-flip and multi-family) and low
income housing tac credit (LIHTEC).
Jay leads the firm’s C-PACE practice
and acts for capital providers, investors
and owners with respect to the origination
of C-PACE assessments, as well as
warehouses and securitization of C-PACE
assessments.
Jay has extensive experience with swaps,
derivatives and repurchase agreements,
including TRS, credit default swap (CDS),
interest rate and cross-currency products,
representing funds, swap dealers, and
investors in significant risk transfer
(SRTs) and bank regulatory capital relief
transactions. He also acts for insurance
companies, brokers and managing general
agent (MGAs) with respect to
insurance-related products like
insurance-linked securities, reinsurance,
synthetic risk participations, credit-loss
and non-payment insurance, catastrophe
bonds and other risk-transfer products.
Jay is dual-qualified, practicing both New
York and English law.
