King & Spalding Expands Fund Finance Capabilities with New York Hires Bettwy and Joo

King & Spalding has bolstered its Finance and Restructuring practice group in New York with the addition of fund finance partners Andrew Bettwy and Jinyoung “Jin” Joo, strengthening its global fund finance platform.

Bettwy and Joo bring deep expertise advising financial institutions, private equity sponsors, private credit funds, and portfolio companies on diverse financing structures. Their specialized knowledge spans asset-based lending, NAV and portfolio-level facilities, GP stake financings, and other complex financing solutions.

These appointments underscore King & Spalding’s strategic expansion of its fund finance practice. In 2024, the firm established a stronger European presence by adding a Chambers-ranked Band 1 fund finance team in London led by partner Samantha Hutchinson. Earlier this year, the firm also enhanced its U.S. capabilities with the addition of partner Chris Montgomery in New York.

Before joining King & Spalding, Bettwy served as co-head of Global Finance and the Corporate & Fund Finance practice group at Proskauer Rose LLP, and previously chaired the Corporate department. Joo has advised borrowers, lenders, and private investment funds on fund finance, acquisition financings, and restructurings.

The firm’s Finance and Restructuring practice group includes more than 150 lawyers across 11 global offices, serving all 10 largest U.S. banks, major international financial institutions, private credit funds managed by leading asset managers, top private equity firms, and corporate borrowers.

The firm employs approximately 1,300 lawyers across 26 offices in the United States, Europe, the Middle East, and Asia Pacific.

KEY QUOTES:

“This is a practice we have been building deliberately and strategically, and Andy and Jin are a critical part of that effort. The fund finance market is over $1 trillion and expected to more than double in the next five years. This market is evolving rapidly, with significant growth in NAV lending, portfolio-level facilities and other sophisticated products beyond traditional subscription lines. Andy and Jin are recognized leaders in precisely these areas, and their arrival cements our commitment to this asset class. We will continue to invest in and grow this platform, including outside Europe and the U.S.”

Todd Holleman, Co-Leader of the Finance and Restructuring Practice Group, King & Spalding

“Andy and Jin’s arrival is a gamechanger for what we can offer clients on a global basis. Since joining King & Spalding in 2024, we have seen firsthand the firm’s commitment to building a world-class fund finance platform. Adding Andy and Jin in New York further strengthens our ability to provide clients with seamless, full-spectrum coverage across the U.S. and Europe – and we are just getting started.”

Samantha Hutchinson, Partner and Leader of European Fund Finance Practice, King & Spalding

“After seeing what King & Spalding has built in fund finance over the past two years, we knew this was where we wanted to be. The platform here – spanning private credit, private equity, structured finance and a top-ranked London fund finance team – is unmatched, and client demand for the sophisticated, flexible financing solutions we provide has never been greater. We see tremendous opportunity ahead and are excited to be part of what this firm is building.”

Andrew Bettwy, Partner, King & Spalding

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