b'Our Permanent Capital PracticeMayer Browns leading Capital Markets practice,Our Finance group works with permanent capital combined with our deep knowledge of the 1940 Act, thevehicles to negotiate and establish credit facilities Advisers Act and relevant tax considerations, makes ustailored to their investment strategies. We have extensive a trusted adviser to private equity sponsors and othersexperience structuring and negotiating investments structuring permanent capital vehicles, including closed- in portfolio companies, including first and second lien end funds, BDCs, interval funds and tender offer funds,loans, unitranche and other first out/last out structures, as well as to their underwriters and fund advisers. covenant-lite loans, PIK debt, subordinated loans, debtor-in-possession financings, high-yield debt securities, Mayer Brown is a major name in capitalconvertible debt, preferred equity and other mezzanine instruments. Our Restructuring group advises permanent markets with a dynamic mix of domestic andcapital vehicles and other lenders on distressed global equity offerings financial services andinvestments, including restructurings, out-of-court workouts, foreclosures, and bankruptcy proceedings. We business development companies (BDCs) arealso work closely with our Insurance and ERISA colleagues key sectors for the team. in structuring target date funds and with our ERISA colleagues in structuring collective investment trusts.The Legal 500For decades, Mayer Brown has been a leading adviserAccomplished advisers on the tax aspects to issuers and underwriters in connection with initialof major transactions. advises on the tax public offerings. We serve as a key partner to sponsorsaspects of capital markets transactions. and issuers transitioning permanent capital vehicles to public ownership.Offers notable cross-border experience.Working closely with our tax and investmentChambers USA on our corporate & finance tax workmanagement teams, we assist investment advisers, sponsors, management, and boards in structuring andVisit our Permanent Capital Vehicles Resources center launching closed-end funds, BDCs, interval funds, tenderfor more materials relating to various types of permanent offer funds and other permanent capital structures. Ourcapital vehicles.team helps clients anticipate accounting, legal, tax, and regulatory challenges; develop financing strategies; structure affiliate relationships; establish joint ventures; structure vehicles in order to facilitate investments from insurance and pension funds; implement compliance policies and procedures; and prepare disclosures. We also advise investment advisers on policies to comply with the Advisers Act and assist with 1940 Act exemptive relief.They are extremely responsive, very practical and really able to give you a real-world view of legal issues that can be very technical.Chambers USA on our work with fundsMayer Brown|Conclusion 33'