Parisa Clovis
Image of Parisa Clovis

Parisa Clovis

Partner

Email

parisa.clovis@aoshearman.com

Phone

+44 20 3088 2216

Offices

London

V-CARD
Parisa's experience focuses exclusively on fund finance, acting for borrowers and sponsors (both domestic and international) in connection with the broad spectrum of fund financing products across the capital structure to align with the lifecycle of funds.

With over 15 years’ experience, Parisa’s expertise cover the full breadth of products: including highly complex- NAV and hybrid facilities and structures, bilateral and syndicated subscription line facilities, continuation vehicle financings, ECL-backed levfin deals and GP support lines. Parisa also regularly acts on fund refinancing's across a range of sectors and asset classes. Her extensive experience means that Parisa has a unique and core speciality in developing innovative solutions to complicated and bespoke NAV transactions and other products to navigate fund structure-related issues across all sectors and asset-classes (such as private equity, infrastructure, credit, secondaries and real estate).

Parisa has advised a number of private capital sponsors and financial sponsors including: AXA, Blue Owl, Charterhouse Capital Partners, Cheyne Capital, CVC DIF, Heitman, Henderson Park, ICG, Nomura, Norvestor, Oaktree, Partners Group, PSG Equity, Polus Capital, Shenkman Capital.

Expertise

Industries

Experience

Representative matters

Subscription Line Facilities
  • A private equity fund on a $1.1 billion subscription line facility for parallel fund entities.
  • A large European real estate fund on a €550 million multi-currency syndicated subscription facility.
  • A large cap private equity fund on a €2bn syndicated, tranched subscription facility with an ESG component.
  • A European credit fund on the refinancing of a €50m subscription facility.
  • A large cap infrastructure fund on a multi-currency c. €1bn syndicated subscription facility which was rated.
  • A European fund in respect of a bilateral US$40m subscription facility.
  • A European mid-cap fund on the refinancing of a €240m subscription facility.
  • A European fund of a US sponsor in relation to a bilateral subscription facility.
  • A European fund in respect of a €50m bilateral subscription facility with an uncommitted accordion.
NAV Facilities
  • A private equity fund on a $1.2 billion NAV facility.
  • A European credit fund on a syndicated $225m NAV facility.
  • A sovereign wealth fund in respect of a NAV facility in connection with an Australian hotel portfolio.
  • The credit arm of a large cap private equity fund on a NAV facility.
  • A private equity fund on a €300m recourse-lite NAV facility.
  • A large cap private equity fund on a US$100m NAV facility under New York law.
  • A mid-cap private equity fund in respect of its $30m hybrid NAV facility.
  • A large cap private equity fund on a $600m NAV facility for its credit fund strategy.
Continuation Vehicle, SMA, Hybrid and Other Facilities
  • A private equity fund on a €270 continuation fund financing and its refinancing with another set of lenders. A private equity fund on €6.75 million GP commit facility for that continuation financing.
  • A limited partner in a single-managed account respect of a hybrid facility leveraging its investment in the credit fund borrower.
  • A real estate credit fund on a €150m hybrid credit facility.
  • A sovereign wealth fund in respect of several SMA financings for their real estate joint ventures.
  • A European mid-cap private equity fund on a €49m continuation single-asset facility.
  • A sovereign wealth fund in respect of its investment in a €400m hybrid facility.
  • A credit fund in respect of a c. €200m feeder fund term facility.
  • A US fund in respect of its US$200m multi-jurisdictional rated note feeder facility.

Published Work

Leadership Positions And Professional Affiliations

  • Executive Committee for the EMEA Fund Finance Association.
  • Head of the EMEA Inclusion Committee for the Fund Finance Associate.
  • Lead of the A&O Shearman Women in Private Equity network.

Awards

  • Next Generation Partner in Fund Finance, Legal 500 UK, 2026
  • Up and Coming Partner in Fund Finance, Chambers and Partners, 2026
  • Rising Star of European Finance, Financial News, 2025
     
Disclaimer
A&O Shearman was formed on May 1, 2024 by the combination of Shearman & Sterling LLP and Allen & Overy LLP and their respective affiliates (the legacy firms). Any matters referred to above may include matters undertaken by one or more of the legacy firms rather than A&O Shearman.