Andrew Bettwy

• Represented a private investment fund and its special purpose subsidiaries in a series of widely syndicated term loan facilities totaling over $15 billion to finance the acquisition of GPU chips and subsequent true lease to a major artificial intelligence company.
• Represented an investment advisor and its subsidiaries in a $150 million term loan and revolving credit facility, providing flexible capital to seed new fund ventures and support ongoing working capital needs.
• Represented a private equity fund focused on restaurant and consumer-facing investments in connection with a NAV facility used to refinance existing portfolio company indebtedness, providing a more efficient capital structure during the end-of-life phase of the fund.
• Represented a private equity fund in connection with a subscription line credit facility secured by unfunded limited partner capital commitments, providing the fund with efficient short-term liquidity to bridge capital calls and optimize the timing of LP drawdowns across its investment program.
• Represented a private credit lender in a $400 million distressed asset-based lending facility to a multinational cosmetics and personal care company, and subsequent debtor-in-possession and exit facilities.
• Represented a private credit fund in a $550 million delayed draw term loan facility to finance the purchase of satellite spectrum rights by a special purpose entity subsidiary of a developer of satellite connectivity technologies.
• Represented a private investment vehicle in multiple term loan and private placement financings co-financing the production of a slate of motion pictures alongside a major film studio, providing bespoke structured financing for a portfolio of high-profile theatrical releases across multiple production cycles.
• Represented a private investment vehicle as borrower in a series of secured loan facilities collateralized by fine art, providing liquidity against a curated portfolio of high-value works while preserving the borrower’s long-term ownership and collection strategy.

Andrew Bettwy advises private investment funds, asset managers, financial institutions, and public and privately held companies in fund finance, leveraged finance, restructurings, and other complex financing transactions.

Andrew has particular depth advising private capital, asset management, and private equity clients on bespoke liquidity solutions across all life cycle stages of funds and their subsidiaries and investments. He represents both lenders and borrowers in NAV facilities, subscription and capital call facilities, GP and management company financings, acquisition financings, recapitalizations, and multi-lien debt structures, debtor-in-possession and exit financings, and private placements.

Andrew brings a practitioner’s understanding of how private capital structures evolve, from formation through deployment and exit, and structures financing solutions accordingly.

Prior to joining King & Spalding, Andrew was a partner at another international law firm, where he served as co-chair of the corporate department and co-head of global finance and fund finance.