Angela L. Batterson 

Partner – New York
T.+1 212 504 6539
angie.batterson@cwt.com
200 Liberty Street
New York, NY 10281 V-CARD

Angie Batterson is a member of the firm’s Management Committee and a leading adviser on fund finance and private credit transactions, with a particular focus on insurance capital solutions. She advises financial institutions, insurers and sponsors on the deployment of capital across NAV financings, GP commitment structures, rated feeder funds and other bespoke private equity credit strategies.

Angie has represented many of the largest life insurance companies in deploying more than $40 billion of capital across over 150 transactions in recent years. Her practice spans a broad range of financing structures, including private debt, unitranche and mezzanine financings, as well as intercreditor arrangements and distressed situations, supporting clients on complex capital structuring and liquidity solutions.

Drawing on extensive experience across leveraged finance and asset-based lending, Angie advises on both domestic and cross-border transactions, bringing a pragmatic and commercially focused approach to complex and evolving financing structures.

Recognition

  • The Best Lawyers in America – Banking and Finance Law, New York (2020–present)
  • Super Lawyers (2024)
  • Advising Barings Portfolio Finance and the other senior investors in its rated note feeder financing of StepStone Group’s $3.1 billion structured solutions vehicle, the largest transaction of its kind.

  • Advising Ares Alternative Credit funds, affiliates of leading global alternative investment manager Ares Management Corporation, in connection with the capitalization of HarbourVest Partners Structured Solutions 2025, an investment vehicle with the capacity to invest $1.1 billion into diversified secondary investments in private equity and private credit.
  • Advising Barings in connection with an investment‑grade rated financing to support a $365 million investment in Partners Group Private Loans SICAV‑SIF, an evergreen private credit vehicle focused on direct lending opportunities globally.
  • Advising Massachusetts Mutual Life Insurance Company on a US$900m NAV-based senior secured loan to a secondary private equity fund to fund LP interest purchases and capital calls.
  • Advising an insurance company on a €965m/£125m/US$65m NAV-based multi-tranche senior secured loan to a private credit fund.
  • Advising Class A lenders committing US$450m in a US$750m NAV-based multi-tranche senior secured loan to a private credit fund.
  • Advising an insurance company on a US$157.66m NAV-based senior secured multi-series term loan to a private credit fund.
  • Advising the private lending business of an insurance company as originator on a US$300m commercial real estate loan facility for a global alternative investment manager.
  • Advising insurance companies on a US$2.4bn rated note feeder.
  • Advising insurance companies on a €250m/£150m NAV-based multi-tranche senior secured loan to a private credit fund.
  • Advising insurance companies on a US$650m NAV-based senior secured loan across five sleeves of a private credit fund.
  • Advising banks and insurance companies on a US$525m rated note feeder.
  • Advising banks and insurance companies on a US$636m rated note feeder.
  • Advising Webster Bank as agent on a US$17m credit facility with U.S. Urology Partners to fund acquisition of a urology practice.
  • Advising Webster Bank as administrative agent on a US$28m credit facility with MyOrthos Holdings to fund acquisition of an orthodontic practice.
  • Advising Range Media Partners and its founders on their seed financing round.
  • Advising The Wright Group on the sale of Shadin Avionics to Gardner Standard LLC.
  • Advising Arsenal Capital Partners on four acquisitions by portfolio company Seal for Life: Flame Control Coatings, Highland International, LifeLast, and US Coatings.
  • Advising Arsenal Capital Partners on the US$328m acquisition of Seal for Life Industries from Berry Global Group Inc.
  • Advising a group of lenders holding approximately US$1bn of secured term loans in connection with Monitronics International’s Chapter 11 proceedings.

*Certain representations occurred prior to Angela's association with Cadwalader.

NEWS

RESOURCES

Books

  • Assessing and mitigating “bad acts” risk in NAV loans

    One aspect of NAV loans that lenders often focus on is the risk of "bad acts" by a borrower. For our purposes, NAV loans are loans to alternative investment entities (e.g., private equity funds, secondaries funds, hedge funds, funds of hedge funds, pension funds and family office vehicles) that are underwritten, either on a secured or unsecured basis, by the value of the borrower's investments. By "bad acts" we mean the risk that a borrower takes actions that cause or result in the underwritten investments and other assets ceasing to be owned by the borrower, or becoming subject to the claims of other creditors, in each case in contravention of the terms of the NAV loan terms.

Angela L. Batterson 

Admissions

  • New York
  • Georgia

Education

  • Loyola University Chicago School of Law
    J.D., magna cum laude
  • University of Illinois
    B.A.