Hybrid Capital

White & Case's hybrid capital team works with clients to structure and execute investment solutions that blend debt and equity features across asset classes, often advising on complex matters requiring flexible or bespoke capital solutions. We cover the full spectrum of hybrid capital products, including PIK Holdco notes, debt-like preferred equity, convertible notes, convertible preferred equity and structured equity.

By leveraging the Firm's seamlessly integrated finance, capital markets, private equity, tax, restructuring and regulatory disciplines, our cross-practice hybrid capital team offers sophisticated and practical capital solutions, while navigating the competing pressures of market conditions, tax considerations and rating agency requirements.

The Firm's hybrid capital clients, which range from the world’s leading alternative asset managers to other institutional investors and corporations, rely on our team as a true thought partner for creative capital solutions, paired with deep product knowledge and commercial advice.