Cadwalader adds to fund finance group

Global law firm Cadwalader, Wickersham & Taft has hired Angela Batterson as a partner in its finance group in New York.

Batterson advises non-bank lenders in fund finance transactions, with expertise in net asset value (NAV) lending. The hire follows the departure of the firm’s former head of fund finance, Michael Mascia, last week.

Batterson represents financial institutions, sponsors, issuers and mezzanine providers in private debt financings, including secured and unsecured senior credit facilities, first-lien/second-lien credit facilities, unitranche facilities and mezzanine financings. She also advises on inter-creditor agreements and distressed debt financings, including debtor-in-possession (DIP) financings, fund-to-fund loans and senior housing loans.

Batterson joins Cadwalader from Jones Day, where she was a partner. She also served as a partner at both Katten Muchin Rosenman and King & Spalding.

Private Funds CFO previously reported that Mascia was planning to leave the firm to start a new NAV financing-focused business with long-time friend, client and fund finance bigwig Jeff Johnston, former head of Wells Fargo’s fund finance group. Cadwalader’s fund finance group is now led by Wes Misson, who is also co-chair of the finance practice, according to a firm press release. Other partners in the group include Brian Foster, Tim Hicks, Sam Hutchinson, Trent Lindsay, Kurt Oosterhouse, Jeff Nagle, Nathan Parker and Chad Stackhouse.

The firm also recently hired partners Matthew Smith and Bevis Metcalfe in European leveraged finance and private credit to its broader finance group.