Jay Williams represents asset managers, sponsors, arrangers, issuers and investors with respect to a wide variety of structured, leveraged and real estate finance transactions, with a focus on collateralized loan obligations (CLOs), warehouses, private credit, and esoteric asset classes. Jay acts for managers and arrangers on new issuances and refinancings of US and European CLOs (broadly syndicated loan (BSL) and middle market), as well as representing third-party CLO equity providers in joint ventures and programmatic investments in new-issue CLOs (including through EU/UK risk retention compliant structures).
Jay has significant experience with warehouse and back-leverage financings secured by broadly-syndicated loans, private credit, commercial mortgages and receivables, as well as resecuritizations and structured note issuances (including structured total return swap (TRS) and repo financings) backed by loans, mortgages, commercial property assessed clean energy (C-PACE) assessments, receivables and other structured credit assets. He regularly acts for lenders and borrowers with respect to forward flow facilities secured by consumer and trade receivables, future fee streams (including mortgage servicing rights (MSRs) and other servicing fees) and cash flows from other esoteric asset classes.
Jay also advises lenders and borrowers on private credit and leveraged finance transactions involving secured loans to companies (including at the venture and growth stage), focusing on the fintech and defense-tech sectors, as well as the formation of joint ventures between business development companies (BDCs) and investors making leveraged investments in loan portfolios.
Jay represents real estate investment trusts (REITs), sponsors and investors with financings, including debt capital market transactions and financings of real estate related assets like commercial mortgages, specialty residential mortgage products (single family rental (SFR), fix-and-flip and multi-family) and low income housing tac credit (LIHTEC). Jay leads the firm’s C-PACE practice and acts for capital providers, investors and owners with respect to the origination of C-PACE assessments, as well as warehouses and securitization of C-PACE assessments.
Jay has extensive experience with swaps, derivatives and repurchase agreements, including TRS, credit default swap (CDS), interest rate and cross-currency products, representing funds, swap dealers, and investors in significant risk transfer (SRTs) and bank regulatory capital relief transactions. He also acts for insurance companies, brokers and managing general agent (MGAs) with respect to insurance-related products like insurance-linked securities, reinsurance, synthetic risk participations, credit-loss and non-payment insurance, catastrophe bonds and other risk-transfer products.
Jay is dual-qualified, practicing both New York and English law.
