Brodies led on the Scottish aspects of amendments to a multicurrency revolving credit facility. The loan was urgently required by a global asset fund management group, with over €37 billion worth of assets under management, for one of its Scottish limited partnership fund vehicles . The fund has a proven track record for, amongst other things, high-value transactions including investments in European headquartered companies valued up to €1.5 billion.

Given the cross-jurisdictional nature of this transaction, we collaborated closely with legal advisors from other jurisdictions, including England and Guernsey to advise on matters relating to Scots law, including the distinctive features of the Scottish limited partnership model.

Key highlights

Our market leading fund finance specialists used their technical excellence to:

  • negotiate key Scots law terms to the facilities agreement, suited specifically to the transaction;
  • draft a supporting legal opinion, tailored to the bank's unique needs and concerns;
  • prepare a new form of Scottish fixed security documents over capital call rights of limited partners to the fund, to protect the bank's interests; and
  • expertly manage Scottish conditions, to ensure a smooth closing for lead counsel on the wider deal.


Our team of experts provided creative solutions in a time-critical transaction that resulted in practical and commercially viable resolutions for all parties.


Alan Knowles