Sidley Represents Neuberger Specialty Finance in Asset-Backed Debt Facility to Ripple Prime

Sidley represented funds managed by Neuberger Specialty Finance, the dedicated asset-based investment team within Neuberger Berman Group LLC, in connection with their provision of a US$200 million asset-backed debt facility to Ripple Prime, Ripple’s multi-asset prime brokerage platform. The facility is designed to expand Ripple Prime’s margin-lending capacity for institutional clients across cleared derivatives, equities, fixed income, foreign exchange markets, and digital assets.

The Sidley team was led by T.J. Gordon and Elizabeth R. Tabas Carson (Global Finance) and included Pietro Fontana, Teresa Wilton Harmon, Mara Alioto, Brady H. Swift, and Joel E. Haas (Global Finance); Kate L. Lashley, Lilya Tessler, John I. Sakhleh, and David M. Katz (Securities Enforcement and Regulatory); Andy J. Lau and Steve Quinn (Tax); Ellen P. Pesch (Insurance); Rachpal K. Thind, Tom Hunter, Arash Dashtgard, and Qalid Mohamed (Banking, Payments and Fintech); and Carla G. Teodoro, Nathan J. Greene, Chuck Daly, Nathan A. Howell, and Benson R. Cohen (Investment Funds).