Latham & Watkins Represents OIC on Credit Income Strategy Launch With Liberty Mutual Investments

Orion Infrastructure Capital (OIC) and Liberty Mutual Investments (LMI), the investment firm for Liberty Mutual Group, announced an expansion of their long-term strategic partnership and launch of a new Credit Income Strategy focused on middle-market infrastructure debt opportunities originated across OIC’s platform. As a part of the partnership, LMI entered into a long-term Investment Management Agreement (IMA) with OIC, whereby LMI has the option to deploy up to US$750 million of capital. To date, LMI and OIC have jointly committed US$240 million via the IMA.

Latham & Watkins LLP served as legal counsel to OIC, advising on the transaction and Income Strategy launch, with an Investment Funds team led by Washington, D.C. partner Amy Rigdon, with associates Lexi Santa Ana, Jason Xi, and Chandler Johnson. Advice was provided on tax matters by New York partner Gregory Hannibal and counsel Lauren Bewley, with associate Jack Santoro; and on Advisers Act regulatory matters by Chicago partner Laura Ferrell and Washington, D.C. partner Aaron Gilbride.