Clifford Chance advises Northwind Group on US$340 Million Healthcare Debt Fund II

Global law firm Clifford Chance advised Northwind Group, a New York-based real assets investment manager, on the formation of Northwind Healthcare Debt Fund II. The fund raised over US$340 million in commitments, significantly exceeding its US$250 million target.

Northwind Healthcare Debt Fund II is a closed-end real estate debt fund focused on healthcare properties in the United States. The fund primarily originates structured loans to finance skilled nursing facilities and senior housing properties. Clifford Chance advised on fund structuring and negotiations with a diverse, global investor base.

The matter drew on Clifford Chance’s funds, tax and regulatory capabilities and was led by New York Funds & Investment Management partner Michael Sabin, together with partner Cliff Cone and associates Sophie Bryson and Andrew Nelson. Rebecca Pereira, partner, advised on tax matters. Herzog acted as co-counsel on Israel tax and regulatory matters and negotiations with certain Israeli institutional investors.