Nicole Simon

PartnerChair, Retail Alternative Funds

Experience

  • Stradley Ronon Represents Special Committee of Portman Ridge in Merger with Logan Ridge

    Stradley Ronon served as legal counsel to the special committee of Portman Ridge Finance Corp., a publicly traded, externally managed closed-end investment company, in the company’s merger with Logan Ridge Finance Corp., a publicly traded business development company. The transaction closed July 15; the value was undisclosed.

    The combined company had total assets in excess of $600 million based on July 11 financial data. In connection with the merger, Portman Ridge will rebrand and begin operating under the name BCP Investment Corp. to better reflect its affiliation with the broader BC Partners Credit platform.

    For more information, read Portman Ridge’s press release.

    Eric S. Purple, Nicole Simon and Geena Marzouca

  • Stradley Ronon Advises on Launch of Hybrid Interval Funds Formed in Strategic Partnership Between Capital Group and KKR

    Stradley Ronon served as fund and board counsel in connection with the launch of two new interval funds that will provide new ways for investors to incorporate private markets into their portfolios. Formed through a strategic partnership between global investment firms Capital Group and KKR, the funds will offer investors a hybrid strategy that provides exposure to a mix of public and private credit across multiple asset classes, geographies and channels.

    Capital Group KKR Core Plus+ will invest in publicly traded fixed-income securities and private credit loans and securities, including private corporate direct lending and asset-based finance investments, allocating about 60% to public debt (managed by Capital Group) and 40% to private credit (managed by KKR). 

    Capital Group KKR Multi Sector+ will also invest in publicly traded fixed-income securities and private credit loans and securities with a targeted 60-40 mix but in different segments. The public portion (managed by Capital Group) will focus on high-yield corporate debt (25%), investment-grade corporate debt (10%) and securitized debt (25%). As with the core fund, KKR’s private sleeve will focus on corporate direct lending and asset-based finance.

    Nicole Simon, Michael P. O'Hare and Miranda L. Sturgis

  • Stradley Ronon Advises in Blue Owl Capital Merger Creating $18.6B BDC

    Stradley Ronon represented the special committee to Blue Owl Capital Corp. III in a merger into Blue Owl Capital Corp., creating the second largest externally managed, publicly traded business development company (BDC) by total assets, with $18.6 billion of total assets at fair value and investments in 232 portfolio companies on a pro forma combined basis as of September 30, 2024. The combined company will operate as Blue Owl Capital Corp. The transaction closed January 13.

    Blue Owl Capital Corp. is a specialty finance company focused on lending to U.S. middle-market companies.

    Read Blue Owl Capital’s announcement.

    Eric S. Purple, Nicole Simon, Alycia M. Vivona, Thomas L. Hanley, Dean V. Krishna, Geena Marzouca and Conor Courtney

Firm Highlights