Empty Link Skip to Content

Private Credit and Non-Bank Lending

Key Contacts view all
AlternativeFinanceandNon_BankLending_banner_575x375px copy

Expertise

Matheson’s Finance and Capital Markets team has extensive experience advising the world’s leading alternative credit providers and private credit funds on all aspects of alternative (i.e. non-bank) finance – including Europe’s first marketplace lending securitisation, the establishment of loan origination platforms, loan-on-loan transactions, asset-backed financing and back leverage financing.  Our team also has extensive experience in advising non-bank lenders on a broad spectrum of debt financing transactions involving Irish borrowers and/or Irish assets.

Private credit or non-bank lending has experienced significant growth since the global financial crisis. According to Preqin forecasts, the private debt market is predicted to reach $2.8 trillion by 2028. 

With our depth and breadth of expertise in alternative lending structures, our team offers clients innovative solutions in a constantly changing global environment and has worked on a number of pioneering market-first transactions.


Our Team

Experience Highlights
  • Advising Ireland’s largest non-bank lender in relation to its residential mortgage, auto and commercial real estate lending business. 
  • Advising in relation to the establishment of numerous non-bank lending platforms in Ireland, both on the platform and investor side, across a variety of asset classes such as SME and commercial real estate lending. 
  • Advising in relation to the financing of non-bank lending platforms, from private warehouse financing to public STS securitisations. 
  • Advising a global alternative investment manager in connection with the completion of a secured asset-backed credit facility of up to USD 890 million with Morgan Stanley Asset Funding Inc..
  • Acting for a European investment bank on the provision of an asset backed-facility to a global asset manager's flagship European direct lending fund.
  • Europe’s first marketplace lending securitisation of £129 million of UK SME loans originated through one of the largest UK online marketplace lending platforms.
  • Establishment of a $200 million secured medium term note programme that will offer investors exposure to a portfolio of loans originated on a number of different marketplace lending platforms.
  • Advising on the European Investment Bank’s first investment in UK marketplace lending.
  • Establishment of a €200 million loan origination platform by a US manager to lend to Irish SMEs.
  • Establishment of a €100 million specialty debt financing platform dedicated to growing European companies in the technology, life sciences and environmental sectors.
  • Advising on the establishment of loan origination and direct lending platforms (with or without leverage).
  • Advising leading non-bank lenders in the Irish market in relation to the provision of credit facilities secured on investment property as well as for the purposes of land development and also in relation to the acquisition of participations in syndicated loan facilities (both senior and mezzanine).
  • Advising non-bank lenders in relation to cash flow backed loan facilities and facilities secured on assets other than real estate.
  • Advising on the establishment, warehousing and exit of various alternative lending platforms.

Accolades
"Matheson are our 'go to' firm in Ireland.  They have proactively sought to understand the nuances of our business and tailor their advice taking into account that acquired knowledge.  They are very well respected and connected in the Irish space and their pragmatism results in comparatively smooth processes in which we have the opportunity to focus on the things that really matter."

Capital Markets: The European Legal 500 2025

 

"The team in Matheson is very commercially aware and consistently provides an excellent service.  They work to tight timelines and always deliver a top class product on time and within budget.  They are innovative in terms of how they produce draft documents and I understand they have invested extensively in document automation."

Capital Markets: The European Legal 500 2024

 

"Hugely knowledgeable and responsive team for Irish law securitisation vehicles and capital markets. Go to firm and team in Ireland."

Capital Markets: The European Legal 500 2024

 

“For me, Matheson provides a wealth of knowledge and resources for any request put to them. The level of market awareness together with prompt action on queries, drafting of documents and the professional nature of all dealings, is superb.”

Banking and Finance: The European Legal 500 2025

 

"Partner availability, support to work through structural nuances, turnaround time, communication.”

Banking & Finance: The European Legal 500 2024

 

"The Matheson team is commercial, and its lawyers are leading practitioners in their market. They know best practices, understand cross-border implications and are very reliable."
Banking & Finance: Chambers Global and Europe 2024