Thomas Coverdale is a finance associate whose practice focuses on representing private equity firms, investment funds, and other alternative asset managers in financings at the fund and portfolio company levels. His experience spans subscription credit facilities, NAV and hybrid financings, management company financings, professional loan programs, and leveraged and acquisition financings. He has also advised public and private companies on domestic and cross-border financial transactions, debt restructurings, and corporate governance matters.

  • Warburg Pincus in its flagship oversubscribed Global Growth 14 fund with US$17.3 billion in LP commitments*
  • Clearlake Capital Group in its acquisition of Pathway Capital Management, a global provider of private market solutions with over US$95 billion in assets under management across private equity, private credit, and infrastructure mandates*
  • P10, a leading private markets solutions provider, in its acquisition of Stellus Capital Management, LLC, a US direct lender specializing in senior secured loans in the lower middle market with over US$10 billion of deployed capital*
  • Silver Oak Services Partners in the recapitalization of Smile Partners USA via a single-asset continuation fund*
  • A private equity sponsor in a multi-billion dollar complex financial transaction involving a combination of equity and debt investments into multiple structured vehicles collateralized by subordinated notes*
  • Maple Park Capital in a warehouse credit facility to fund a majority growth investment in Rita's Italian Ice*
  • A private equity sponsor in a US$6 billion umbrella facility*
  • A public financial services company in debt and capital-structure considerations in connection with a multi-billion dollar strategic separation*
  • Maverick Natural Resources in the issuance of US$640 million of asset-backed securities secured by Maverick's Western Anadarko Basin producing wells as part of a master trust, and in its US$1.3 billion sale to Diversified Energy*
  • Denbury Inc. in its US$4.9 billion sale to ExxonMobil, and in various financing arrangements, including the refinancing of its US$1.5 billion revolving credit facility*
  • CoreWeave, a specialized cloud provider of large-scale GPU-accelerated workloads, in its $7.5 billion debt facility, at the time the largest private debt financing in the United States*
  • Blackstone Inc. in connection with the sale of Lightstone Generation LLC, a portfolio company previously acquired for US$2.1 billion, to Energy Capital Partners*
  • KKR in its acquisition of a majority equity stake in Avantus, a premier developer of large utility-scale solar and solar-plus-storage projects, providing US$1 billion+ in equity and debt commitments alongside EIG*
  • Energy Impact Partners in its joint venture with OceanSound Partners to acquire Message Broadcast, a provider of customer engagement software for the electric utility industry*
  • Rusoro Mining Ltd. in its credit bid for PDV Holding, Inc., the indirect parent company of CITGO Petroleum Corp., a major U.S. refiner valued at US$11-13 billion during the court-supervised sales process*
  • Credit facilities financing acquisitions of equity interests in franchises across major U.S. professional sports leagues, including the NBA and MLB*

*Matter handled prior to joining Latham

Bar Qualification

  • District of Columbia
  • Texas

Education

  • JD, University of Virginia School of Law
  • BS in Neuroscience, Trinity University

Languages Spoken

  • English