Matheson advised global alternative credit manager Sound Point Capital Management, LP (“Sound Point”), as Irish legal and tax counsel, in connection with the formation of Sound Point Strategic Capital Fund III (“SCF III” of the “Fund”), which has held its final closing at USD 1.5 billion, reaching the Fund’s hard cap after being substantially oversubscribed.
With the final close complete, SCF III is fully capitalized and positioned to deploy capital across asset-backed, first-lien private credit investments for U.S. corporate borrowers seeking bespoke or transitional financing. The Fund expands the scale of Sound Point’s Capital Solutions platform, enabling the firm to structure short-duration investments across a wide range of market conditions.
The Matheson team included, Alan Keating, Head of New York Office, Catriona Cole, Asset Management partner, Michelle Ridge, Asset Management partner, Shane Kennedy, Asset Management partner, Evan Allen, Asset Management associate, Kevin Smith, Tax partner and Saskia Kirrane, Tax associate.